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    Reference: 20160416
    Release date: 27 October 2016

    Promoter – Financial Intermediary

    Rheinmetall Automotive AG

    Location

    Description

    The project concerns selected research and development (R&D) investments mostly related to technological innovations for combustion engines contributing to higher efficiency and reduced emissions of automotive vehicles.

    Objectives

    The project is expected to strengthen the technological and market position of the promoter in its core technology areas related to combustion engines, and also covers alternative drive technologies that are of growing importance for the automotive sector. Hence, it will be of critical importance for European automotive manufacturers in order to address emission regulation objectives.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 528 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 as amended. The Bank's services will review during the project appraisal whether any of the investments concern construction of engine test benches that 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 the status of contracting authority. Thus it is not covered by EU directives on procurement.

    Status

    Signed - 27/10/2016

    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).

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