Release date: 21 April 2009
Promoter – Financial Intermediary
Manufacturer of parts and accessories for motor vehicles and their engines.Location
Description
The project concerns the promoter’s RDI investments carried out for the improvement of the energy efficiency of car lighting systems and for the development of new components supporting an intelligent energy management within the vehicle and therefore increasing its fuel efficiency.
Objectives
Reduction of fuel consumption and CO2 emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 170 million.
Total cost (Approximate amount)
EUR 340 million.
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised in which case an EIA therefore would not be required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank will verify details, and especially the ones related to the location of the R&D facilities, during the project’s due diligence.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. To be verified during the project’s due diligence.
Status
Signed - 16/06/2010
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).