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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Italy : € 100,000,000
Industry : € 100,000,000
Signature date(s)
16/10/2020 : € 30,000,000
4/07/2019 : € 70,000,000
Link to source

Summary sheet

Release date
4 July 2018
Status
Reference
Signed | 04/07/2019
20180220
Project name
Promoter - financial intermediary
PIAGGIO RDI VEHICLE IMPROVEMENTS
PIAGGIO & C SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 151 million
Location
Sector(s)
Description
Objectives

The project concerns the promoter's research and development (R&D) activities in the 2019-2021 period for the development of technologies and products in the areas of scooters, motorcycles and light commercial vehicles.

The focus of the R&D is mainly on the reinforcement of the product range, alignment with European and Indian regulatory emissions requirements that will be in place in 2020, new engines with improved performance and fuel consumption and the development of electric variants for the scooter range.

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities without changing the already-authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The results of this R&D project are expected to contribute to improving the sustainability of the transport sector, mainly in terms of reduction of traffic and also fuel consumption, and the part of the project that concerns electrification is expected to have an additional positive impact. Full environmental details will be assessed during the appraisal.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/24/EU or 2004/18/EC where applicable, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU or 2004/18/EC where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

Link to source
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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) - PIAGGIO RDI VEHICLE IMPROVEMENTS
Publication Date
11 Oct 2018
Document language
Main Topic
Lending
Document Number
84408064
Document Focus
Environmental Information
Project Number
20180220
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - PIAGGIO RDI VEHICLE IMPROVEMENTS
Publication Date
28 Nov 2024
Document language
Main Topic
Lending
Document Number
188312280
Document Focus
Environmental Information
Project Number
20180220
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - PIAGGIO RDI VEHICLE IMPROVEMENTS
Publication Date
12 Oct 2018
Document Language
English
Main Topic
lending
Document Number
87276208
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20180220
Last update
12 Oct 2018
Sector(s)
Industry
Countries
Italy
Publicly available
Download now

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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