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    Reference: 20110537
    Release date: 1 October 2013

    Promoter – Financial Intermediary

    INDUSTRIA DE TURBO PROPULSORES SA

    Location

    Description

    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.

    Objectives

    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.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 119 million

    Total cost (Approximate amount)

    EUR 239 million

    Environmental aspects

    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

    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 - 26/09/2014

    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

    Spain Industry