Summary sheet
Modernisation of an existing vehicle manufacturing plant in Adapazari (eastern Marmara region – some 120 km east of Istanbul), and increase of its capacity to accommodate the production of selected models of the new Toyota Corolla model family.
The project will give an economic impulse to the eastern Marmara region of Turkey. The project will create new jobs with the number of employees expected to double from about 1150 last year to nearly 2000 by the year 2005.
The promoter follows EU Directive requirements for all activities carried out in its European organisation, including the Turkish operation. In accordance with its normal procedure, the Bank will ensure that appropriate measures will be taken with respect to environmental protection.
Procurement regulations do not apply to this private industry project. The promoter can be expected to carry out competitive enquiries among potential suppliers for goods and services, as is usual in the industry. This will be verified during the project appraisal.
Automotive industry.
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