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    Signature(s)

    Amount
    € 550,492,384.86
    Countries
    Sector(s)
    United Kingdom : € 550,492,384.86
    Industry : € 550,492,384.86
    Signature date(s)
    12/07/2010 : € 550,492,384.86
    Link to source

    Summary sheet

    Release date
    26 February 2010
    Status
    Reference
    Signed | 12/07/2010
    20090513
    Project name
    Promoter - financial intermediary
    Ford UK Engine RDI and Manufacturing

    Ford Motor Company Ltd

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 247 million. for ECTF investment and GBP 203 million. for selected investments related to commercial vehicle development and modernising the Bridgend plant.
    Approximately GBP 1 billion.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the financing of:
    i) RDI activities relating to the development of new, cleaner engine technologies under EIB’s European Clean Transport Facility (“ECTF”);
    ii) RDI activities related to the development of a new generation of commercial vehicle and investments in production facilities for a new downsized engine family in Bridgend, located in South West Wales in the UK.

    The project will contribute to the promoter’s long-term competitiveness and to the market introduction of low-carbon-emission vehicles. It is expected to bring about positive environmental results in reducing fuel consumption, CO2 and regulated emissions. Part of the investment will also fund capital expenditure for modernising the Bridgend plant to produce downsized engines, emitting less CO2.

    Environmental aspects
    Procurement

    The project is expected to be mainly carried out at the promoter’s existing facilities, already authorised. It is therefore unlikely that an EIA will be required, as per EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. To be assessed during appraisal.

    The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects.

    Link to source

    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).

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