KTM MOTORCYCLE RDI

Promoter – Financial Intermediary

KTM AG

Location

• Austria

Description

The project concerns the promoter's investments in Research, Development and Innovation (RDI) in the field of electrical propulsion systems, cooperative intelligent transport systems, lightweight design, advanced materials and technologies for motorcycles as well as future urban mobility concepts. The investments will be carried out primarily in the promoter's Research and Development (R&D) centre located in Mattighofen, Austria, for the 2018-2020 period.

Objectives

The project aims at developing the next generation products with improved active and passive safety features, improved performance, lighter and with improved fuel economy. Moreover, the project targets the development of zero emission products as well as the development of in-house know-how on batteries (safety, behaviour under extreme conditions, recycling) for electric powered vehicles.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 170 million

Total cost (Approximate amount)

EUR 334 million

Environmental aspects

Research and development activities on motorcycles are not listed in any of the annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU. The financed activities will be carried out in already-authorised existing facilities, that will not change their scope due to the project, thus not requiring any additional environmental permits.

Procurement

The promoter is a private company not operating in the Utilities sector and does not have the status of a contracting authority. Thus, it is not covered by EU Directives on procurement. Procedures followed are in the best interest of the project and satisfactory for the Bank.

Status

Signed - 23/07/2018