Release date: 5 July 2007
Promoter – Financial Intermediary
A major car manufacturer.Location
Description
Financing of a major car manufacturer’s RDI programme in the fields of hybrid powertrains and CO2 emissions’ reduction in the period 2007 to 2012.
Objectives
Improvement of environmental sustainability of cars.
Sector(s)
Total cost (Approximate amount)
more than EUR 1 billion.
Environmental aspects
EIA required: To be clarified during appraisal. Parts of the project fall under Annex 2 of the EU directive 97/11 and an EIA is at the discretion of the national competent authorities. The investment concerns mainly R&D and takes place in existing facilities and the project is, therefore, not expected to have any major negative environmental impact. The project is not likely to have an impact on natural conservation sites as it takes place in an existing industrial zone.
Procurement
The promoter is a private company not operating in the Utilities Sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 28/09/2007
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).