EBRD LOAN HELPS TURKTRAKTOR DRIVE INNOVATION
A new tractor plant and a more powerful engine for regional agriculture
15 May 2013 - A new tractor plant and a more efficient tractor engine will be built in Turkey with a loan from the European Bank for Reconstruction and Development.
TurkTraktor, one of the leading manufacturers of farm tractors and other agricultural machinery, will receive EUR 75 million financing arranged by the EBRD: EUR 30 million for the EBRD's own account and up to EUR 45 million syndicated to commercial banks.
The loan will be used to modernise the company's plant in Ankara and to build a brand new plant in the Erenler province of Sakarya in the Marmara region.