Release date: 2 September 2015
Promoter – Financial Intermediary
FORD OTOMOTIV SANAYI ASLocation
Description
The project concerns the promoter's research, development and innovation (RDI) activities for the years 2015-2017, in particular for the development of new commercial vehicles.
Objectives
The investments will focus on RDI activities related to the development of next generation light and heavy duty commercial vehicles, as well as modernisation of production lines/process innovation.
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 100 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities already used for similar activities, and would therefore not require an environmental impact assessment (EIA) according to Directive 2011/92/EU if located in the EU. Any possible environmental issues, including 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).