According to EIB website, the project is concern with (i) research and development (R&D) investments on Euro7-compliant powertrains (engines and transmissions) and (ii) capital expenditure in facilities manufacturing the developed fuel-efficient powertrains in cohesion regions.
The project has two major components:
1. R&D activities in the period 2016-2021 for the development of diesel and petrol powertrains compliant with the upcoming Euro 7 emissions regulations; the developments will also allow the promoter to comply with the upcoming CO2 requirements in 2020 and 2025. The activities will be carried out at the promoter's technical centres in France.
2. Capital expenditure for the manufacture of new fuel-efficient petrol and diesel engines in cohesion priority regions in France.
The project is considered as environmentally acceptable for financing by the Bank.
No contact information provided at the time of disclosure.
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