Release date: 6 November 2007
Promoter – Financial Intermediary
Tofas Turk Otomobil Fabrıkası A.Ş. (Tofas)Location
Description
The project, based on a Cooperation Agreement signed between the Promoter and Fiat Auto SPA, comprises the development, production and sale of a new light commercial vehicle.
Objectives
The project will replace an existing version of the light commercial vehicle from 2009 onwards. It will thus also support the substantial amount of research and development activities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
Aproximately EUR 400 million.
Environmental aspects
No EIA is required for this project. The EIB reviewed the promoter’s environmental procedures during appraisal.
Procurement
EU procurement legislation does not apply to the project. The Promoter’s. procurement procedures satisfy EIB’s procurement policy.
Status
Signed - 4/03/2008
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).