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Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
Germany : € 500,000,000
Industry : € 500,000,000
Signature date(s)
24/10/2014 : € 500,000,000
Link to source

Summary sheet

Release date
22 April 2014
Status
Reference
Signed | 24/10/2014
20130523
Project name
Promoter - financial intermediary
VW INNOVATIVE POWERTRAINS
VOLKSWAGEN AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
EUR 1028 million
Location
Sector(s)
Description
Objectives

The project concerns the promoter’s RDI activities in the fields of: (i) Battery powered electric vehicles, and (ii) Hybrid Vehicles, including plug-in hybrids, and natural gas vehicles and (iii) the further development of small conventional powertrains. The project’s activities are located at the promoter’s R&D centres, headquartered in Wolfsburg, Germany.

The objective of the promoter’s investments, which will be carried out in the period 2014-2018, is the development of innovative automotive technologies targeting the increase of fuel efficiency in motor vehicles, the reduction of CO2 emissions and of local pollutant emissions.

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an Environmental Impact Assessment (EIA) under Directive 2011/92/EU. Any possible environmental issue will however be verified during the project appraisal.

The promoter is a private company not operating in the Utilities sector and not having a status of contracting authority. Thus it is not covered by EU Directives on procurement.

Link to source
Other links

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) - VW INNOVATIVE POWERTRAINS
Publication Date
27 Aug 2014
Document language
Main Topic
Lending
Document Number
54271410
Document Focus
Environmental Information
Project Number
20130523
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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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