Release date: 21 June 2006
Promoter – Financial Intermediary
Ford Otosan A.Ş.Location
Description
The project comprises new product development and capacity expansion at Ford Otosan’s plants in Kocaeli and Inönü.
Objectives
The project is intended to boost the production and sale of Ford Otosan’s commercial vehicles in Turkey and Europe, and will contribute to the development of the Turkish economy and the country's EU accession process.
Comments
Manufacturing
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Approximately EUR 200 million
Environmental aspects
It is anticipated that no EIA is required for this project, taking into account the fact that it entails a modest expansion of an existing facility. Ford Otosan’s environmental procedures will be verified during appraisal.
Procurement
EU procurement legislation does not apply to the project. The Promoter’s procurement procedures will be discussed during appraisal.
Status
Signed - 6/03/2007