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Signature(s)

Amount
€ 55,000,000
Countries
Sector(s)
Türkiye : € 55,000,000
Industry : € 55,000,000
Signature date(s)
6/11/2014 : € 55,000,000
Link to source
Data sheet

Summary sheet

Release date
25 July 2013
Status
Reference
Signed | 06/11/2014
20130322
Project name
Promoter - financial intermediary
TOFAS RDI
TOFAS TURK OTOMOBIL FABRIKASI AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 207 million
Location
Sector(s)
Description
Objectives

The project concerns the promoter's RDI activities with regards to the development of new passenger and light commercial vehicle technology.

The project would strengthen the promoter's capacity to develop new technology, in particular in the fields of fuel efficiency and weight reduction and specific components for the electrification of a light commercial vehicle. The project also foresees the adoption of innovative design and development methodologies by the promoter.

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized for similar activities and would therefore not require an EIA according to the Directive 2011/92/EU if located in the EU. However, the Bank’s services will review during the project appraisal whether the investment also concerns capital expenditures related to test facilities that could fall under Annex II of the EIA Directive as well as any other environmental detail.

The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.

Comments

The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities in the fields of research, technological development, demonstration and innovation investments.

Link to source
Summary sheet

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).

Documents

Environmental and Social Data Sheet (ESDS) - TOFAS RDI
Publication Date
2 Feb 2014
Document language
Main Topic
Lending
Document Number
49266282
Document Focus
Environmental Information
Project Number
20130322
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - TOFAS RDI
Publication Date
1 Jan 2019
Document language
Main Topic
Lending
Document Number
80666658
Document Focus
Environmental Information
Project Number
20130322
Sector(s)
Countries
Publicly available
Download now

News & Stories

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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.

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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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