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FORD OTOSAN

Signature(s)

Amount
€ 95,000,000
Countries
Sector(s)
Türkiye : € 95,000,000
Industry : € 95,000,000
Signature date(s)
14/06/2007 : € 20,000,000
14/06/2007 : € 30,000,000
6/03/2007 : € 45,000,000
Link to source
Data sheet
FORD OTOSAN
Other links
Summary sheet
Ford Otosan

Summary sheet

Release date
21 June 2006
Status
Reference
Signed | 06/03/2007
20060250
Project name
Promoter - financial intermediary
Ford Otosan
Ford Otosan A.Ş.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
Approximately EUR 200 million
Location
Sector(s)
Description
Objectives

The project comprises new product development and capacity expansion at Ford Otosan’s plants in Kocaeli and Inönü.

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.

Environmental aspects
Procurement

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.

EU procurement legislation does not apply to the project. The Promoter’s procurement procedures will be discussed during appraisal.

Comments

Manufacturing

Link to source
Summary sheet
Ford Otosan
Other links
Data sheet
FORD OTOSAN

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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