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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Italy : € 800,000
France : € 39,200,000
Industry : € 40,000,000
Signature date(s)
22/12/2010 : € 400,000
13/12/2010 : € 400,000
22/12/2010 : € 19,600,000
13/12/2010 : € 19,600,000
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Summary sheet

Release date
10 November 2009
Status
Reference
Signed | 13/12/2010
20090359
Project name
Promoter - financial intermediary
Energy Efficient Techno RDI
Italian Company active in the automotive sector
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 113.7 million
Location
Sector(s)
Description
Objectives

The project concerns the promoter’s RDI investments for the development of new systems for efficient filtration of pollutant gases, particulates and CO2 emissions and for the development of new products contributing to the reduction of the weight of suspension flexible components and to the increase of safety for motor vehicles’ passengers.

The project concerns the promoter’s RDI investments aimed at the reduction of fuel consumption and emissions of carbon-dioxide from motor vehicles

Environmental aspects
Procurement

The project covers R&D activities for engines and therefore may be covered by Annex II of the Environmental Impact Assessment (EIA) Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC in respect to the construction of test benches for engines or permanent test tracks. Since the project concerns investments in R&D that are expected to be carried out in existing facilities already authorized, it is unlikely that an EIA will be required by the Competent Authority.

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.

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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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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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