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    Signature(s)

    Amount
    € 119,000,000
    Countries
    Sector(s)
    Spain : € 119,000,000
    Industry : € 119,000,000
    Signature date(s)
    26/09/2014 : € 119,000,000

    Summary sheet

    Release date
    1 October 2013
    Status
    Reference
    Signed | 26/09/2014
    20110537
    Project name
    Promoter - financial intermediary
    ITP AEROTURBINES XTEND RDI
    INDUSTRIA DE TURBO PROPULSORES SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 119 million
    EUR 239 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the research, development and innovation of low pressure turbines and compressors for new generation engines for upcoming versions of single and double aisle aircraft.

    The project includes activities for the promoter to expand its customer portfolio to the main engine manufacturers; with special emphasis on the reduction of specific fuel burn, harmful emissions, lower acoustic impact, as well as lower operating cost.

    Environmental aspects
    Procurement

    The RDI activities are expected to be carried out in existing R&D centres that will not change their scope due to the project, and is not subject to Directive 2011/92/EU; an EIA is therefore not needed. However the Bank's services will further assess all the environmental details during the due diligence.

    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

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ITP AEROTURBINES XTEND RDI
    Publication Date
    2 Feb 2014
    Document language
    Main Topic
    Lending
    Document Number
    48192315
    Document Focus
    Environmental Information
    Project Number
    20110537
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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