Release date: 1 October 2013
Promoter – Financial Intermediary
INDUSTRIA DE TURBO PROPULSORES SA
The project consists of the research, development and innovation of low pressure turbines and compressors for new generation engines for upcoming versions of single and double aisle aircraft.
The project includes activities for the promoter to expand its customer portfolio to the main engine manufacturers; with special emphasis on the reduction of specific fuel burn, harmful emissions, lower acoustic impact, as well as lower operating cost.
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 119 million
Total cost (Approximate amount)
EUR 239 million
The RDI activities are expected to be carried out in existing R&D centres that will not change their scope due to the project, and is not subject to Directive 2011/92/EU; an EIA is therefore not needed. However the Bank's services will further assess all the environmental details during the due diligence.
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.
Signed - 26/09/2014
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).