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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Austria : € 30,000,000
    Industry : € 30,000,000
    Signature date(s)
    10/11/2011 : € 30,000,000
    Link to source

    Summary sheet

    Release date
    12 April 2011
    Status
    Reference
    Signed | 10/11/2011
    20110087
    Project name
    Promoter - financial intermediary
    Powertrain RDI II RSFF

    AVL LIST GMBH

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 120 million
    Location
    Sector(s)
    Description
    Objectives

    The promoter is an engineering company offering R&D services and equipment mainly to automotive Original Equipment Manufacturers and producers of commercial vehicles. The project comprises research, development and innovation (RDI) activities in the following fields: (i) powertrain engineering, including development of hybrid technology and advanced batteries for electric cars; (ii) instrumentation and test systems; and (iii) advanced simulation techniques required, e.g., in powertrain engineering.

    The project aims at improving the Promoter’s innovation capacity, thereby impacting positively on its international competitiveness.

    Environmental aspects
    Procurement

    The project concerns investments in research and development that will be carried out in existing facilities already authorised. An EIA is therefore not required by EIA Directive 85/337/EC, amended by Directive 97/11/EC. The project is expected to have a positive impact on the environment, as the targeted innovations will enable the development of modern powertrain concepts that will improve the fuel efficiency of vehicles and therefore contribute to CO2 emission reduction. The Bank’s services will verify details during appraisal.

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

    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).

    News & Stories

    Link to source

    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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    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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