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    Reference: 20160027
    Release date: 30 March 2017

    Promoter – Financial Intermediary

    ZF FRIEDRICHSHAFEN AG

    Location

    Description

    The project concerns the promoter's activities related to fuel efficiency in the development of transmission systems and powertrain modules for passenger cars and commercial vehicles. In addition it concerns investments in electro-mobility-related research and development (R&D) activities.

    Objectives

    The project will contribute to increasing the promoter's knowledge and know-how in the field of fuel-efficient and low-carbon powertrain technologies and is expected to lead to higher fuel efficiency and the reduction of CO2 emissions from motor vehicles.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1200 million

    Environmental aspects

    The project concerns investments in R&D that are expected to be carried out in existing facilities already authorised and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. The Bank's services will review during the project appraisal whether any of the investments concern construction of engine test benches that could fall under Annex II of the EIA Directive, as well as any other environmental details of the project.

    Procurement

    The promoter is a private company not operating in the Utilities sector and not having the status of contracting authority. Thus it is not covered by EU directives on procurement.

    Status

    Signed - 21/12/2016

    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).

    Related tags

    Germany Industry