Release date: 2 June 2009
Promoter – Financial Intermediary
Daimler AG is one of the leading automotive groups in Europe, active in the development of innovative vehicle technology.
Location
Description
Investments to develop a green-field automotive plant located in Hungary.
Objectives
Contribute to the development of the region’s automotive industry, enhance its competitiveness and support the development of the local cluster of suppliers.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 400 million.
Total cost (Approximate amount)
Around EUR 1 200 million.
Environmental aspects
The construction of a facility for the manufacture and assembly of motor vehicles falls under Annex II of the EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. The decision made by the competent authorities for requesting (or not) an EIA on the basis of the criteria set in Annex III of the Directive and actual/possible significant impacts on protected flora and fauna (Habitats’ and Birds’ Directive) will be verified during project appraisal.
Procurement
The Bank’s services will verify procurement details during the project’s due diligence.
Status
Signed - 25/11/2009
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).