Release date: 10 April 2012
Promoter – Financial Intermediary
FIAT INDUSTRIAL SPALocation
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)
- Industry - Manufacturing
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 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).