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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Israel : € 10,800,000
Denmark : € 29,200,000
Services : € 40,000,000
Signature date(s)
12/07/2012 : € 10,800,000
12/07/2012 : € 29,200,000
Link to source

Summary sheet

Release date
16 December 2010
Status
Reference
Signed | 12/07/2012
20100310
Project name
Promoter - financial intermediary
Better Place Electric Vehicle Infrastructure and Service Provider

Better Place

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 40 million
At least twice the EIB loan amount, total eligible project costs to be determined during appraisal.
Location
Sector(s)
Description
Objectives

Financing of electric vehicle infrastructure and service scheme and associated R&D costs in Denmark and Israel.

Protection of Environment and Sustainable Communitites, Knowledge Economy and Support of EU External policies in the Neighbourhood/Partnership Countries.

Environmental aspects
Procurement

The project concerns investments in R&D expected to be carried out in existing facilities already authorised and therefore would not require an Environmental Impact Assessment (EIA) under Annex II of Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. It also includes the roll-out of a demonstration infrastructure network for recharging and swapping of batteries for the Electric Vehicle, for which the Bank’s services will review during the appraisal any environmental issue, including the possible need for an EIA, as well as any construction permit or authorization required by the competent authorities. Due attention will be given to the social aspects of the project.

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

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 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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