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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Italy : € 50,000,000
    Industry : € 50,000,000
    Signature date(s)
    18/12/2019 : € 50,000,000

    Summary sheet

    Release date
    3 February 2020
    Status
    Reference
    Signed | 18/12/2019
    20190563
    Project name
    Promoter - financial intermediary
    CARRARO GROUP RDI AND DIGITALISATION
    CARRARO SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 106 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the promoter's Research, Development and Innovation (RDI) activities in the field of agricultural machinery and power transmission systems for tractors and off-highway vehicles. The project includes also, partly, investments for the promoter's digital infrastructure. The activities will be carried out in Italy over the period between 2020 and 2022.

    The project aims at developing new and more efficient tractors and transmission systems as well as to increase the vehicles' electrification. With regard to the investments related to the digital infrastructure, the project aims at supporting the promoter's digitalization of processes, at deploying a modern digital infrastructure and at improving the cyber security.

    Environmental aspects
    Procurement

    Research and development activities in the field of agricultural machinery and power transmission systems for tractors and off-highway vehicles as well as the other activities comprised in the proposed project are not listed in any of the annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/ EU. The financed activities will be carried out in already- authorized existing facilities, that will not change their scope due to the project, thus not requiring any additional environmental permits.

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    Related projects

    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) - CARRARO GROUP RDI AND DIGITALISATION
    Publication Date
    14 Feb 2020
    Document language
    Main Topic
    Lending
    Document Number
    123367194
    Document Focus
    Environmental Information
    Project Number
    20190563
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - CARRARO GROUP RDI AND DIGITALISATION
    Publication Date
    21 Dec 2023
    Document language
    Main Topic
    Lending
    Document Number
    182022918
    Document Focus
    Environmental Information
    Project Number
    20190563
    Sector(s)
    Regions
    Countries
    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.

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    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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