Release date: 9 November 2010
Promoter – Financial Intermediary
Fiat S.p.A.
Location
Description
The project concerns the promoter’s RDI investments related to improving the fuel efficiency of passenger cars and more specifically focuses on the RDI activities carried out by the Vehicles sector, and focusing on vehicle’s body and architecture.
Objectives
The project aims at improving the Promoter vehicles’ fuel efficiency with a positive impact on CO2 emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million.
Total cost (Approximate amount)
Approximately EUR 505 million.
Environmental aspects
The project concerns research and engineering activities that will be carried out within existing facilities already authorised. An Environmental Impact Assessment (EIA) should therefore not be required by the EIA Directive 85/337, amended by 97/11/EC and by 2003/35/EC. The project however might also include capital expenditures related to the R&D activities. It will be clarified during the project’s appraisal whether these investments concern test benches for engines, which fall in Annex II of the EIA Directive, along with any other environmental issue.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 11/03/2011
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).