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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Türkiye : € 200,000,000
Water, sewerage : € 6,000,000
Energy : € 40,000,000
Services : € 154,000,000
Signature date(s)
25/04/2013 : € 3,000,000
24/04/2013 : € 3,000,000
25/04/2013 : € 20,000,000
24/04/2013 : € 20,000,000
25/04/2013 : € 77,000,000
24/04/2013 : € 77,000,000
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Summary sheet

Release date
28 September 2012
Status
Reference
Signed | 24/04/2013
20120196
Project name
Promoter - financial intermediary
SUSTAINABLE TOURISM & EE GLOBAL LOAN
TURKIYE KALKINMA BANKASI AS
TURKIYE SINAI KALKINMA BANKASI AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
Not applicable.
Description
Objectives

The proposed facility will be dedicated to promote sustainable tourism and energy efficiency projects in Turkey. Within this scope, the loan would finance investments in renovation of tourism facilities and energy efficiency as well as other investments aimed at rationalisation of use of natural resources and mitigating the adverse environmental effects of tourism. The loan is envisaged to help prevent the excess hotel-bed capacity building risk and the related environmental risks in Turkey, especially in those regions depending on tourism as the main economic activity.

Improving access to term finance at favourable conditions for the financing of small/medium sized projects in the Turkish tourism sector.

Environmental aspects
Procurement

The intermediary shall ensure that the final beneficiaries undertake to implement and operate the relevant investments in conformity with national environment law and the applicable principles of EU law.

The intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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