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    Reference: 20140683
    Release date: 14 January 2015

    Promoter – Financial Intermediary

    FIAT CHRYSLER AUTOMOBILES NV

    Location

    Description

    The project concern the promoter's research and devellopment (R&D) activities for the development of advanced fuel-efficient powertrains and vehicle technology that will be carried out in Italy in the period 2015-2017. Some of the investments concern efficient alternative fuel powertrains (e.g. natural gas) and lightweight materials. The project also includes capital expenditures for advanced machinery and equipment for the production of gasoline/natural gas and diesel engines that will take place in the regions of Campania and Molise.

    Objectives

    The objective of the project is the development of technology solutions enabling the increase of environmental (fuel efficiency and noise) and social (safety and connectivity) sustainability of vehicles as well as their affordability.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 600 million

    Total cost (Approximate amount)

    EUR 1260 million

    Environmental aspects

    The project concerns investments in R&D that are expected to be carried out in existing facilities already authorised and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. In addition, it concerns some capital expenditures for production facilities. The Bank's services will review during the project appraisal whether any of the investments could fall under Annex II of the EIA Directive, as well as any other environmental details of the project.

    Procurement

    The promoter is a private company not operating in the Utilities sector and not having a status of contracting authority. Thus it is not covered by EU Directives on procurement.

    Status

    Signed - 29/06/2015

    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