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    Reference: 20110358
    Release date: 18 October 2011

    Promoter – Financial Intermediary

    Ford Otomotiv Sanayi A.Ş.

    Location

    Description

    The project concerns investments in Ford Otosan’s Kocaeli production facility in Turkey, to support the future manufacturing of the new Ford Transit.

    Objectives

    The project concerns investments in Ford Otosan’s Kocaeli production facility in Turkey, to support the future manufacturing of the new Ford Transit.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 200 million

    Total cost (Approximate amount)

    EUR 564 million

    Environmental aspects

    The project is expected to be carried out at the promoter’s existing facilities, already authorised for the same purpose. An EIA may therefore not be required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. The compliance with the EU’s environmental legislation and any potential EIA requirements will be verified during the project’s appraisal.

    Procurement

    The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects.

    Status

    Signed - 27/06/2012

    Disclaimer

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

    Related tags

    Turkey Industry