FCA GROUP R&D

Promoter – Financial Intermediary

FIAT CHRYSLER AUTOMOBILES NV

Location

• Italy

Description

The project concern the promoter's research and devellopment (R&D) activities for the development of advanced fuel-efficient powertrains and vehicle technology that will be carried out in Italy in the period 2015-2017. Some of the investments concern efficient alternative fuel powertrains (e.g. natural gas) and lightweight materials. The project also includes capital expenditures for advanced machinery and equipment for the production of gasoline/natural gas and diesel engines that will take place in the regions of Campania and Molise.

Objectives

The objective of the project is the development of technology solutions enabling the increase of environmental (fuel efficiency and noise) and social (safety and connectivity) sustainability of vehicles as well as their affordability.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 600 million

Total cost (Approximate amount)

EUR 1260 million

Environmental aspects

The project concerns investments in R&D that are expected to be carried out in existing facilities already authorised and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. In addition, it concerns some capital expenditures for production facilities. The Bank's services will review during the project appraisal whether any of the investments could fall under Annex II of the EIA Directive, as well as any other environmental details of the project.

Procurement

The promoter is a private company not operating in the Utilities sector and not having a status of contracting authority. Thus it is not covered by EU Directives on procurement.

Status

Signed - 29/06/2015