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    Reference: 20190563
    Release date: 3 February 2020

    Promoter – Financial Intermediary

    CARRARO SPA

    Location

    Description

    The project concerns the promoter's Research, Development and Innovation (RDI) activities in the field of agricultural machinery and power transmission systems for tractors and off-highway vehicles. The project includes also, partly, investments for the promoter's digital infrastructure. The activities will be carried out in Italy over the period between 2020 and 2022.

    Objectives

    The project aims at developing new and more efficient tractors and transmission systems as well as to increase the vehicles' electrification. With regard to the investments related to the digital infrastructure, the project aims at supporting the promoter's digitalization of processes, at deploying a modern digital infrastructure and at improving the cyber security.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 106 million

    Environmental aspects

    Research and development activities in the field of agricultural machinery and power transmission systems for tractors and off-highway vehicles as well as the other activities comprised in the proposed project are not listed in any of the annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/ EU. The financed activities will be carried out in already- authorized existing facilities, that will not change their scope due to the project, thus not requiring any additional environmental permits.

    Procurement

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    Status

    Signed - 18/12/2019

    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