Release date: 6 February 2012
Promoter – Financial Intermediary
Daimler AG
Location
Description
The project concerns the financing of the promoter’s RDI activities for the development of small Internal Combustion Engines and lightweight material technology.
Objectives
The project will have positive environmental results through a reduction of fuel consumption and CO2 emissions. Moreover the project is aiming to improve the safety of vehicles.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 620 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Any possible environmental issue will however be verified during the project’s appraisal.
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 - 15/05/2012
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).