TURKEY: The European Bank for Reconstruction & Development is providing bus and rail vehicle manufacturer Bozankaya with a €10m loan to finance expansion of production capacity at its Ankara plant including investment in an automated welding machine.
This will support a contract for Bozankaya to act as a subcontractor to Siemens in the production of 22 four-car metro trainsets which Bangkok Mass Transit System Public Co ordered last year for use on the Thai capital’s Skytrain elevated metro.
‘Bozankaya is a pioneer in Turkey when it comes to environmentally-friendly electric buses and trams’, said Jean-Patrick Marquet, EBRD Managing Director for Turkey on February 22. ‘Now, this partnership with Siemens is taking it to a new level. The company, its staff and the Turkish manufacturing sector as a whole will benefit enormously from the know-how that the leading global engineering company is bringing into this joint undertaking. We are pleased to play a role and wish the consortium the best of luck in future tenders across the globe.’