Sarılar Construction – Low emission vehicles project in Istanbul

GEFF Türkiye loan is helping construction sector with new low emission vehicles, with the low emission vehicles selected from Green Technology Selector (GTS).

Sarılar Construction operates in Istanbul, in the construction sector with various infrastructure and superstructure works. The company provides operational rental services for a wide range of vehicles and construction equipment.

As part of its commitment to innovation and operational efficiency, the company decided to expand their vehicle park with new technology and high efficiency vehicles. They contacted GEFF Türkiye via partner leasing company of GEFF.

GEFF Türkiye supported this investment and the vehicles were selected with the Green Technology Selector (GTS) in 2023. Sarılar İnşaat planned to buy 20 new backhoe loaders by leasing and this purchase was financed under GEFF Türkiye. The Facility supported partner leasing company and Sarılar Construction in using the GTS and helped the client and PFI throughout the transaction.

With this €1,508,555 investment, the company achieved substantial primary energy savings, reducing its annual primary energy consumption by 52,783 GJ. This improvement also resulted in net cost savings of €61,907 per year, enhancing the company’s financial efficiency.

Furthermore, the company significantly reduced its environmental impact by cutting 4,530 tonnes of CO₂‑equivalent emissions per year, reinforcing its commitment to sustainability and responsible manufacturing.

The Green Economy Financing Facility in Türkiye (GEFF Türkiye) was developed by The European Bank for Reconstruction and Development (EBRD) and is supported by Clean Technology Fund (CTF), Republic of Turkiye Ministry of Treasury and Finance (MoTF) and EBRD Shareholder Special Fund.