Project details

Overview

Project title

FCA ELECTRIC VEHICLES MANUFACTURING ITALY

Early intelligence
25 Mar 2020

Published

25 March 2020

Budget

 


Procurement type

Services, Supplies, Works

Reference

EIBZ264375

Funding Agency

EIB - European Investment Bank


Countries

Italy

FCA ELECTRIC VEHICLES MANUFACTURING ITALY

Reference: 20190269

Promoter – Financial Intermediary

FCA ELECTRIC VEHICLES MANUFACTURING ITALY

Location
Italy

Description

The project will finance the setup of production lines for the manufacturing of plug-in hybrid electric vehicles (PHEVs) at FCA's production plant in Melfi (Italy). It also includes the manufacturing of battery electric vehicles (BEV) at the promoter's plant in Mirafiori (Italy). The investments will be carried out in the period 2019-2021.

Objectives

The project aims at supporting the promoter's investments for the manufacturing deployment of the most advanced vehicle powertrain electrification technologies.

Sector(s)
Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 300 million

Total cost (Approximate amount)

EUR 614 million

Environmental aspects

The investments for the deployment of automotive assembly lines and equipment will take place in existing facilities without changing the already authorized scope of activity. Manufacturing and assembly of motor vehicles fall under Annex II of the Environmental Impact Assessment (EIA) directive 2014/52/EU amending the EIA Directive 2011/92/EU. The EIB will review during the project appraisal whether any of the investments require an EIA, and if so the status, as well as any other environmental details of the project. The implementation of this project is expected to contribute to the adoption of zero-emission and zero-emission capable vehicles and the deployment of a more sustainable transport system in Europe.

Procurement

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, Directive 2014/24/EU, then the promoter will have to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU, as well as Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.