What are the European Investment Bank (EIB) criteria for loans?
The EIB European Clean Transport Facility (ECTF) is a financing programme to support investments in emissions reduction and energy efficiency in the European transport industry. The ECTF is, in principle, open to automotive companies of any size and ownership, or both investment and sub-investment grade credit ratings (or equivalent), that are committed to an eligible project (see below) in the European transport industry. However, in practice, the ECTF is targeted at supporting major projects by larger companies and will not normally lend less than €50m per project. Eligible projects for the ECTF include: • Research, development and innovation targeting emissions reduction • Innovation, prototyping, new tooling, upgrading of either existing or new production facilities that: • Do not result in a net capacity increase; and • Target EU 2012/2020 CO2 passenger vehicle emission requirements and other emission/fuel efficiency objectives in the transport sector, as well as complementary mea
