Financing of the installation of new assembly lines within BMW's existing manufacturing plant in Leipzig, which will produce BMW's new generation of carbon fibre & electric/hybrid-powered cars. The project will also cover BMW's investments in Leipzig related to the production facilities of BMW's new front-wheel driven roomy and functional vehicle.
Objectives
The investment includes machinery and equipment as well as construction works at the plant.
Comments
Sector(s)
Industry
Proposed EIB finance (Approximate amount)
EUR 350 million
Total cost (Approximate amount)
EUR 967 million
Environmental aspects
Manufacturing and assembly of motor vehicles fall under Annex II of the EIA Directive 2011/92/EU. Although the manufacturing site already exists, the project concerns an extension of the production lines and the request for an Environmental Impact assessment (EIA) would be at the discretion of local authorities. The Bank's services have received confirmation that no EIA has been required by the local authorities.
Procurement
BMW is a private company not operating in the utilities sector, and is thus not covered by EU directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects, but nevertheless the Bank's services will verify details during the project's due diligence.
Status
Signed
-
01/08/2012.
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).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero-tolerance against fraud and corruption
The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
