Release date: 25 March 2015
Promoter – Financial Intermediary
TURK TRAKTOR VE ZIRAAT MAKINALARI ASLocation
Description
The project concerns a selection of the promoter's research, development and innovation (RDI) investments within five years, related to the design and production of tractors.
Objectives
The project would strengthen the promoter's capacity to develop new technology for its future models, in particular through reduced emissions and improved performance.
Comments
The "Proposed EIB finance" and the "Total project cost" figures provided below represent initial EIB estimates of maximum amounts and are subject to verification during appraisal. As such, the final amounts may vary.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 78 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out within five years in existing facilities already used for similar activities, and would therefore not require an environmental impact assessment (EIA) if located in the EU, according to Directive 2011/92/EU. Any possible environmental issues, including the coherence with the principles underlying the EU directives, will however be verified during the project’s appraisal.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.
Status
Signed - 21/12/2015
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).