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PIAGGIO R&D

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Italy : € 150,000,000
Industry : € 150,000,000
Signature date(s)
19/12/2008 : € 150,000,000
Link to source
Data sheet
PIAGGIO R&D
Other links
Summary sheet
Piaggio R&D

Summary sheet

Release date
6 October 2008
Status
Reference
Signed | 19/12/2008
20080289
Project name
Promoter - financial intermediary
Piaggio R&D

Piaggio & C SpA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 150 million.
Approximately EUR 300 million.
Location
Sector(s)
Description
Objectives

The project concerns investments in R&D related to environmentally friendly and safer, light vehicles. It consists of four parts: (i) innovative light mobility vehicles, (ii) new hybrid-, diesel- and gasoline-engines, (iii) improved technology solutions in the field of suspensions, brake-by-wire and for the reduction of emissions, and (iv) new range of scooters, motorcycles and light commercial vehicles.

The promoter’s R&D program is expected to strengthen the promoter’s capability to provide innovative technological solutions to (i) enhance the urban mobility and (ii) increase vehicles’ environmental, consumption and safety performances.

Environmental aspects
Procurement

The project concerns investments in research and development that will be carried out in existing facilities already authorised. An EIA therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC. Overall the project is expected to have a neutral impact on the environment. The Bank’s services will however verify details during the project’s due diligence.

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Link to source
Summary sheet
Piaggio R&D
Other links
Data sheet
PIAGGIO R&D

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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