Release date: 21 May 2014
Promoter – Financial Intermediary
DAIMLER AGLocation
Description
This project supports Daimler's investments in low emission drive trains and other related measures to reduce the CO2 output of its truck fleet. The project is expected to be implemented between 2014 and 2016.
Objectives
The project concerns research and development investments of the promoter’s truck division to improve fuel consumption, reduce emissions and enhance overall efficiency of the heavy and medium duty commercial vehicles.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1100 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities without changing their already authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2011/92/EU. Any possible environmental issue will however be verified during the project appraisal.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of contracting authority. Thus, it is not covered by EU Directives on procurement.
Status
Signed - 25/11/2014
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).