Release date: 24 March 2020
Promoter – Financial Intermediary
STELLANTIS NVLocation
Description
The project will finance the setup of production lines for the manufacturing of plug-in hybrid electric vehicles (PHEVs) at FCA's production plant in Melfi (Italy). It also includes the manufacturing of battery electric vehicles (BEV) at the promoter's plant in Mirafiori (Italy). The investments will be carried out in the period 2019-2021.
Objectives
The project aims at supporting the promoter's investments for the manufacturing deployment of the most advanced vehicle powertrain electrification technologies.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 614 million
Environmental aspects
The investments for the deployment of automotive assembly lines and equipment will take place in existing facilities without changing the already authorized scope of activity. Manufacturing and assembly of motor vehicles fall under Annex II of the Environmental Impact Assessment (EIA) directive 2014/52/EU amending the EIA Directive 2011/92/EU. The EIB will review during the project appraisal whether any of the investments require an EIA, and if so the status, as well as any other environmental details of the project. The implementation of this project is expected to contribute to the adoption of zero-emission and zero-emission capable vehicles and the deployment of a more sustainable transport system in Europe.
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 promoter will have to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU, as well as Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 18/03/2020
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).