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    Reference: 20180041
    Release date: 24 May 2018

    Promoter – Financial Intermediary

    CIE AUTOMOTIVE SA

    Location

    Description

    The projects concerns the promoter's expenditure in research, development and innovation (RDI) and capital expenditure (capex) in convergence regions for the 2018-2022 period.

    Objectives

    This project will promote European RDI investments in light vehicle automotive components in Europe as well as capex investments in convergence regions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 120 million

    Total cost (Approximate amount)

    EUR 160 million

    Environmental aspects

    The project concerns investments in research and development that are not specifically mentioned under the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by 2014/52/EU) and that are expected to be carried out in existing facilities without changing the already-authorised scope; it would therefore not require an EIA under the Directive 2011/92/EU as amended. The environmental details of the project will be reviewed by the Bank's services during the project appraisal.

    Procurement

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/24/EU, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directives 2014/24/EU as well as Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Status

    Signed - 24/07/2018

    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).

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