Release date: 21 April 2008
Promoter – Financial Intermediary
A major car manufacturer in GermanyLocation
Description
The project concerns research and engineering related to automotive engine- and transmission systems aimed, in particular, at the increase of fuel efficiency and reduction of emissions of CO2, NOx and particulates.
Objectives
Improvement of environmental sustainability of cars.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 1289.5 million
Environmental aspects
The project concerns research and engineering activities that will be carried out within existing facilities. These R&D-activities will neither differ from those currently being carried out nor entail any modification to these facilities and are unlikely to have any significant environmental impact. An EIA is not required by the EIA Directive 85/337, amended by 97/11 and by 2003/35/EC. Form A is not required.
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 - 13/06/2008
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).