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    Reference: 20110493
    Release date: 6 February 2012

    Promoter – Financial Intermediary

    Daimler AG

    Location

    Description

    The project concerns the financing of the promoter’s RDI activities for the development of small Internal Combustion Engines and lightweight material technology.

    Objectives

    The project will have positive environmental results through a reduction of fuel consumption and CO2 emissions. Moreover the project is aiming to improve the safety of vehicles.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 620 million

    Environmental aspects

    The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized 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 issue 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 - 15/05/2012

    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

    Germany Industry