Release date: 19 December 2008
Promoter – Financial Intermediary
PSA Peugeot Citroën Automobiles S.A.
Location
Description
Part-financing of the PSA Group's R&D investment programme to upgrade its range of cars to "EURO 5" and "EURO 6" standards.
Objectives
The purpose of the project is to develop cleaner propulsion technologies, thereby reducing the environmental impact of car travel.
Comments
Loan foreseen under the European Clean Transport Facility (ECTF)
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 400 million.
Total cost (Approximate amount)
EUR 800 million (R&D expenditure only).
Environmental aspects
The project concerns research and development activities to be carried out in existing facilities. The promoter's environmental management system meets ISO 14001 standards and the project will help to improve the group's products, thereby reducing the pollution emitted by its cars.
Procurement
EU procurement rules do not apply to this private sector project.
Status
Signed - 16/04/2009
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).