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    Reference: 20110236
    Release date: 7 November 2011

    Promoter – Financial Intermediary

    Italian manufacturer of low emission power-train systems

    Location

    Description

    The project concerns the promoter’s R&D activities aimed at developing low-emission power-train systems for the automotive industry and particularly: i) hybrid power-train and electric motor wheels and ii) dual fuel systems.

    Objectives

    The project will strengthen the know-how in the field of CNG (Compressed Natural Gas) and LPG- (Liquefied Petroleum Gas) based fuel systems and components. It will also contribute to the potential reduction of vehicles carbon dioxide emissions.

    Comments

    The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 20 million

    Total cost (Approximate amount)

    Up to 60 million

    Environmental aspects

    The project consists of investments in Research, Development and Innovation that will be carried out in existing facilities already authorised, for which and EIA is therefore not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2000/35/EC. The project comprises also, partly, a new research facility including new test benches for car vehicles. This sub-project is likely to fall under Annex II of the EIA Directive. The Bank’s services will verify all the environmental details and the decision of the competent authorities during the due diligence.

    Procurement

    Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the appraisal.

    Status

    Signed - 24/10/2012

    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

    Italy Industry