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Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Germany : € 400,000,000
Industry : € 400,000,000
Signature date(s)
4/06/2009 : € 400,000,000
Link to source
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Summary sheet

Release date
10 February 2009
Status
Reference
Signed | 04/06/2009
20080676
Project name
Promoter - financial intermediary
R&D for sustainable mobility (Phase 1)

One of the leading automotive manufacturers in Europe

Proposed EIB finance (Approximate amount)
EUR 400 million.
Location
Sector(s)
Description
Objectives

The project concerns the promoter’s automotive RDI activities for the optimisation and further increase of efficiency of conventional powertrains and the electrification of powertrains in the period 2009-2012.

A significant reduction in CO2 and other emissions of the promoter’s future powertrains.

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised. An EIA therefore is not required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Overall, the commercial product of the activities is expected to have a positive environmental impact resulting in substantial reductions in terms of vehicle emissions and fuel consumption.

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.

Comments

Loan foreseen under the European Clean Transport Facility (ECTF)

Link to source

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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Alternatively, the EIB can be contacted through its external offices.
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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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