Release date: 4 April 2007
Promoter – Financial Intermediary
PSA Peugeot Citroen Automobiles S.A.Location
Description
Part-financing of the PSA Group's R&D investment to upgrade its range of cars to "EURO V" standards.
Objectives
The project is aimed at developing less polluting propulsion technologies, thus reducing the impact of car travel on the environment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 million.
Total cost (Approximate amount)
EUR 1.7 bn.
Environmental aspects
The project concerns research and development activities, which will be conducted in existing facilities. The promoter's environmental monitoring system meets ISO 14001 standards and the project will help improve the group's products, thereby reducing the pollution emitted by its cars.
Procurement
EU procurement procedures do not apply to this private sector project.
Status
Signed - 26/07/2007
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).