FIAT INDUSTRIAL R&D

The project proposed for financing will include selected R&D activities for the development of innovative powertrain – including alternative powertrains and fuel technologies, material and vehicle technologies for application in commercial, construction and agricultural vehicles aiming at the improvement of fuel efficiency, reduction of pollutant and greenhouse gas emissions, and enhancing vehicle safety.

Comments

Sector(s)

Industry

Proposed EIB finance (Approximate amount)

EUR 350 million

Total cost (Approximate amount)

EUR 782 million

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Any possible environmental issues will however be verified during the project’s appraisal.

Procurement

The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

Status

Signed - 18/06/2012.

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).

Projects

R&D involving powertrain and fuel technologies and innovative vehicle architecture at centres in Italy, Switzerland and Germany

E-mail

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.