Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    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
    Link to source

    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.

    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).

    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

    News & Stories

    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.

    Related publications