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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.

    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) - 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

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