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    Reference: 20170472
    Release date: 15 September 2017

    Promoter – Financial Intermediary

    AVIO SPA

    Location

    Description

    The project concerns the promoter's investments in RDI in the field of space propulsion systems as well as capital expenditures for the modernisation and expansion of the manufacturing capacity of its main Italian production site over the period 2017-2020.

    Objectives

    The project is expected to support the growth of the group as well as the development of new products and technologies through RDI activities. Moreover, the capital investments target the expansion of the promoter's production capacity in Italy.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 108 million

    Environmental aspects

    The project concerns investments related to the research and development and to the manufacturing of space propulsion systems that are not specifically listed in the EIA directive Annex I or II. An Environmental Impact Assessment (EIA) is therefore not required under Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Environment details will however be checked during appraisal.

    Procurement

    The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.

    Status

    Signed - 6/10/2017

    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

    Italy Industry