Release date: 18 December 2019
Promoter – Financial Intermediary
ARIANEGROUP SASLocation
Description
The project represents a large multiannual programme to develop a new family of European space launchers by ArianeGroup with improved technical flexibility and modularity to respond to the latest trends in the satellite market while lowering significantly the cost per launch. Thus the programme is composed of sizable R&D/qualification efforts including investments into prototypes, advanced manufacturing capabilities and new integration facilities. The overall programme as defined by the Bank will be implemented from 2018 until to 2023.
Objectives
The project will support a leading European company in the space technology sector, which is contributing to the achievement of the Europe 2020 strategy objectives. Furthermore, the project will secure Europe's independent access to space by fostering the European space industry to develop crucial knowledge for the space sector.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 2299 million
Environmental aspects
The R&D activities will be mostly carried out at existing sites in Europe and in French Guyana. These sites are already used for the production of the current generation of launchers. However, the Ariane 6 development programme includes also new facilities related to the manufacturing and assembly of the new launcher, that fall under the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU and requiring a full EIA. The environmental details have been shared with the Bank and relevant parts will be published. The new facilities meanwhile received construction and operational permits by the competent authorities.
Procurement
The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement.
Status
Signed - 19/12/2019
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).