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        R&D FOR SUSTAINABLE MOBILITY (PHASE 1)

        Signature(s)

        Amount
        € 400,000,000
        Countries
        Sector(s)
        Germany : € 400,000,000
        Industry : € 400,000,000
        Signature date(s)
        4/06/2009 : € 400,000,000

        Summary sheet

        Release date
        10 February 2009
        Status
        Reference
        Signed | 04/06/2009
        20080676
        Project name
        Promoter - financial intermediary
        R&D for sustainable mobility (Phase 1)

        One of the leading automotive manufacturers in Europe

        Proposed EIB finance (Approximate amount)
        EUR 400 million.
        Location
        Sector(s)
        Description
        Objectives

        The project concerns the promoter’s automotive RDI activities for the optimisation and further increase of efficiency of conventional powertrains and the electrification of powertrains in the period 2009-2012.

        A significant reduction in CO2 and other emissions of the promoter’s future powertrains.

        Environmental aspects
        Procurement

        The project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised. An EIA therefore is not required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Overall, the commercial product of the activities is expected to have a positive environmental impact resulting in substantial reductions in terms of vehicle emissions and fuel consumption.

        Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

        Comments

        Loan foreseen under the European Clean Transport Facility (ECTF)

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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