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    Reference: 20110494
    Release date: 10 April 2012

    Promoter – Financial Intermediary

    FIAT INDUSTRIAL SPA

    Location

    Description

    Financing of Fiat Industrial’s Research & Development activities related to industrial vehicles.

    Objectives

    The project proposed for financing will include selected R&D activities for the development of innovative powertrain – including alternative powertrains and fuel technologies, material and vehicle technologies for application in commercial, construction and agricultural vehicles aiming at the improvement of fuel efficiency, reduction of pollutant and greenhouse gas emissions, and enhancing vehicle safety.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 350 million

    Total cost (Approximate amount)

    EUR 782 million

    Environmental aspects

    The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised 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 issues 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 - 18/06/2012

    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

    Germany Italy Switzerland Industry