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BMW RDI (PHASE 2)

Signature(s)

Amount
€ 380,000,000
Countries
Sector(s)
Germany : € 380,000,000
Industry : € 380,000,000
Signature date(s)
25/06/2010 : € 95,000,000
25/06/2010 : € 100,000,000
25/06/2010 : € 185,000,000
Link to source
Data sheet
BMW RDI (PHASE 2)
Other links
Summary sheet
BMW RDI (Phase 2)

Summary sheet

Release date
18 March 2010
Status
Reference
Signed | 25/06/2010
20100010
Project name
Promoter - financial intermediary
BMW RDI (Phase 2)

BMW Motoren AG

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 380 million.
EUR 1 575 million.
Location
Sector(s)
Description
Objectives

R&D focusing on the development of a city car.

The project concerns the research on, and development of a new city car with one electric and one ICE CO2 efficient variant, as well as the studies and engineering of a new, environmentally sustainable production and assembly chain for this car. The activities will be carried out in Germany.

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 is therefore not required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Overall, the project is expected to have a neutral impact on the environment, while the commercial product of the activities will have a positive environmental impact resulting in substantial reductions in terms of vehicle emissions and fuel consumption.

The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement.

Comments

Loan foreseen under the European Clean Transport Facility (ECTF).

Link to source
Summary sheet
BMW RDI (Phase 2)
Other links
Data sheet
BMW RDI (PHASE 2)

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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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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