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 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).