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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Italy : € 300,000,000
Industry : € 300,000,000
Signature date(s)
18/03/2020 : € 300,000,000

Summary sheet

Release date
24 March 2020
Status
Reference
Signed | 18/03/2020
20190269
Project name
Promoter - financial intermediary
FCA ELECTRIC VEHICLES MANUFACTURING ITALY
STELLANTIS NV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 614 million
Location
Sector(s)
Description
Objectives

The project will finance the setup of production lines for the manufacturing of plug-in hybrid electric vehicles (PHEVs) at FCA's production plant in Melfi (Italy). It also includes the manufacturing of battery electric vehicles (BEV) at the promoter's plant in Mirafiori (Italy). The investments will be carried out in the period 2019-2021.

The project aims at supporting the promoter's investments for the manufacturing deployment of the most advanced vehicle powertrain electrification technologies.

Environmental aspects
Procurement

The investments for the deployment of automotive assembly lines and equipment will take place in existing facilities without changing the already authorized scope of activity. Manufacturing and assembly of motor vehicles fall under Annex II of the Environmental Impact Assessment (EIA) directive 2014/52/EU amending the EIA Directive 2011/92/EU. The EIB will review during the project appraisal whether any of the investments require an EIA, and if so the status, as well as any other environmental details of the project. The implementation of this project is expected to contribute to the adoption of zero-emission and zero-emission capable vehicles and the deployment of a more sustainable transport system in Europe.

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, then the promoter will have 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, as well as Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

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) - FCA ELECTRIC VEHICLES MANUFACTURING ITALY
Publication Date
8 Apr 2020
Document language
Main Topic
Lending
Document Number
122791527
Document Focus
Environmental Information
Project Number
20190269
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - FCA ELECTRIC VEHICLES MANUFACTURING ITALY
Publication Date
22 Dec 2022
Document language
Main Topic
Lending
Document Number
158888862
Document Focus
Environmental Information
Project Number
20190269
Sector(s)
Regions
Countries
Publicly available
Download now

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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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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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