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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.

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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.

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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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