ANNOUNCEMENT 23 Jul 2013

On 23 July 2013, the EIB provided financing worth EUR 50 million (USD 65 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Jul 2013 | Removal date: open ended

State loan

On 23 July 2013, the European Investment Bank (EIB) and Same Deutz-Fahr Group S.p.a. signed an agreement worth EUR 50 million (approx. USD 65 million) for the project Sdf Safety and Fuel Efficiency from Germany-Italy. The total cost of the project is estimated at EUR 102 million.

According to the project description issued by the EIB, The project concerns the funding of R&D investments between 2013 and end 2017 of SAME DEUTZ-FAHR to achieve higher fuel efficiency standards for agricultural vehicles..

The objective of the project is defined as following: Development of new series of tractors, improvement and expansion of an existing range of tractors, development of a new engine platform and of a new modular cabin. The main objectives of the project include the expansion and modernisation of the product offering, the introduction of innovative features and technologies, the reduction of CO2 emissions and compliance with safety and emissions regulations..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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