Release date: 23 May 2011
Promoter – Financial Intermediary
Industria de Turbo Propulsores, S.A. (ITP)
Location
Description
The Project consists of the RDI activities for the development of the low pressure turbine for a new generation of double aisle aircraft. The project also comprises all ITP’s investments related to the RDI undertakings, such as activities related to product implementation, integration activities, testing and tooling. The project activities are located in Spain.
Objectives
The project activities fall within the scope of the FP7 priority thematic area of “Aeronautics and air transport – The greening of air transport, reduction of emissions, including greenhouse gases and noise disturbances (incorporating work on structures and new aircraft designs)” and “Improving cost efficiency (reduction of costs associated with product development, focusing on increased use of automation and simulation)”. The RDI investments included in the project are expected to generate knowledge in the area new aircraft engines, a highly R&D-intensive activity.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 55 million
Total cost (Approximate amount)
Approximately up to EUR 111 million out of EUR 180 million of the Total Project in ITP
Environmental aspects
The project activities will be carried out in existing facilities already authorised. An EIA is therefore not required by EIA Directive 85/337/EC, amended by Directive 97/11/EC and 2003/35/EC. The project is expected to contribute and have a positive impact on emissions reduction and noise. To be verified during appraisal.
Procurement
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.
Status
Signed - 19/12/2011
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).