Reference: 20100310
Release date: 16 December 2010

Promoter – Financial Intermediary

Better Place

Location

Description

Financing of electric vehicle infrastructure and service scheme and associated R&D costs in Denmark and Israel.

Objectives

Protection of Environment and Sustainable Communitites, Knowledge Economy and Support of EU External policies in the Neighbourhood/Partnership Countries.

Sector(s)

Proposed EIB finance (Approximate amount)

Up to EUR 40 million

Total cost (Approximate amount)

At least twice the EIB loan amount, total eligible project costs to be determined during appraisal.

Environmental aspects

The project concerns investments in R&D expected to be carried out in existing facilities already authorised and therefore would not require an Environmental Impact Assessment (EIA) under Annex II of Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. It also includes the roll-out of a demonstration infrastructure network for recharging and swapping of batteries for the Electric Vehicle, for which the Bank’s services will review during the appraisal any environmental issue, including the possible need for an EIA, as well as any construction permit or authorization required by the competent authorities. Due attention will be given to the social aspects of the project.

Procurement

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify the details during the project’s due diligence.

Status

Signed - 12/07/2012

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Israel Denmark Services