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Jaguar LR Emissions Reduction R&D

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Jaguar LR Emissions Reduction R&D

  •  Reference: 20090109
  •  Release date: 19 March 2009
Promoter – Financial Intermediary

Jaguar Land Rover

Location
Description

The project concerns the financing of the promoter’s RDI activities related to the reduction of CO2 emissions of its cars. The Bank’s support would be focused on the development of those powertrains that are designed to meet the CO2 emission targets set by the EU Commission, notably the development of downsized diesel engines, the development of micro-hybrid and full hybrid downsized drivetrains. The promoter will carry out the work in its existing R&D centres in the UK.

Objectives

The project will contribute to the increase of the promoter’s knowledge and know-how in the development of technology for small hybrid powertrains and new lightweight vehicle architecture. The project aims for a very significant reduction in fuel consumption of the promoter’s future range of vehicles; it is expected to bring about positive environmental results. The completion of this project will assist the promoter to comply with the upcoming European CO2 emission requirements.

Comments

Loan foreseen under the European Clean Transport Facility (ECTF)

Sector(s)
Proposed EIB finance (Approximate amount)

Up to EUR 300 million.

Total cost (Approximate amount)

Estimated at around EUR 600 million.

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised in which case an EIA therefore would not be required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details and especially the ones related to the location of the R&D facilities during the project’s due diligence.

Procurement

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Status

Signed   -   24/02/2010.


Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).



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