BMW RDI (Phase 2)
- Reference: 20100010
- Release date: 18 March 2010
BMW Motoren AG
- Germany
R&D focusing on the development of a city car.
The project concerns the research on, and development of a new city car with one electric and one ICE CO2 efficient variant, as well as the studies and engineering of a new, environmentally sustainable production and assembly chain for this car. The activities will be carried out in Germany.
- Industry
EUR 380 million.
Total cost (Approximate amount)EUR 1 575 million.
Environmental aspectsThe project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised. An EIA is therefore not required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Overall, the project is expected to have a neutral impact on the environment, while the commercial product of the activities will have a positive environmental impact resulting in substantial reductions in terms of vehicle emissions and fuel consumption.
The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement.
Signed - 25/06/2010.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
Loan foreseen under the European Clean Transport Facility (ECTF).