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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

        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

        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.

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        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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