The European Bank for Reconstruction and Development (EBRD) is providing a EUR 10 million loan to Bozankaya, a Turkish producer of public transport vehicles such as trams and electric buses.
Bozankaya has partnered with Siemens to produce 22 four-wagon metro trains for Bangkok, the capital of Thailand. The EBRD loan will finance the capital expenditure needed to fulfil this order.
Bozankaya will manufacture the metro cars at its Ankara plant and will be investing in a robotic automated welding machine and a new facility to be able to expand production.
“Our company designs and produces trams, electric buses and metros for the future. With this new landmark partnership with Siemens, and with the support of the EBRD, we will be flying the flag for Turkish engineering across the world,” Aytunç Günay Bozankaya, the chairman of the board of Bozankaya, said.
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