CIE - ADVANCED MANUFACTURING AND DIGITALISATION

Promoter – Financial Intermediary

CIE AUTOMOTIVE SA

Location

• Spain
• Germany
• France
• Italy

Description

The project will finance the promoter's research, development and innovation investments (RDI) and related capital expenditures to be implemented in Europe in the 2024-2028 period.

Objectives

This project will support European RDI and advanced manufacturing investments in vehicle automotive components, including in convergence regions.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 36 million

Total cost (Approximate amount)

EUR 76 million

Environmental aspects

The project primarily 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 EIB requires 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

Approved - 25/04/2024