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        FORD ENGINES RDI

        Signature(s)

        Amount
        € 350,000,000
        Countries
        Sector(s)
        United Kingdom : € 350,000,000
        Industry : € 350,000,000
        Signature date(s)
        18/11/2004 : € 350,000,000

        Summary sheet

        Release date
        9 September 2004
        Status
        Reference
        Signed | 18/11/2004
        20040124
        Project name
        Promoter - financial intermediary
        Automotive RDI
        A UK-based automotive company.
        Proposed EIB finance (Approximate amount)
        EUR 350 million.
        Location
        Sector(s)
        Description
        Objectives

        The proposed investment programme comprises a number of selected research, development and innovative downstream investment (RDI) activities on next generation engines and the implementation of their results into products over the period 2004-2008. The project cost includes basic RDI, engineering for design, engineering for manufacturing, facilities & tooling, and industrial development and implementation.

        The programme will focus on the development of the next generation engines, improving significantly their performance, fuel economy and emission standards.The programme also supports the UK automotive industry and contributes to the creation and maintenance of employment in the context of extensive restructuring and downsizing by most vehicle manufacturers during the past few years in the UK.

        Environmental aspects
        Procurement

        The project will comply with all applicable environmental legislation and regulations.

        The promoter carries out competitive enquiries among potential suppliers for goods and services, as is usual in the industry. This is in line with procurement regulations for private industry projects and is in the best economic interests of the project.

        Comments

        Automotive industry.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning 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, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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