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    Reference: 20120105
    Release date: 3 August 2012

    Promoter – Financial Intermediary

    SAF-HOLLAND

    Location

    Description

    The project concerns (i) the promoter’s European RDI activities over the period 2012-2015, and (ii) the construction and equipment of an engineering centre in Bessenbach (Germany).

    Objectives

    The promoter’s R&D efforts address the ecological and safety requirements for trucks and trailer systems. Here it faces contradictory requirements, like reducing the weight of the component but at the same time enable them to increase the truck and trailer’s load capacity and safety. The R&D-efforts will reinforce the promoter’s technological competences and leadership.

    Comments

    The project may be financed under the Risk Sharing Finance Facility (RSFF), which is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 14 million

    Total cost (Approximate amount)

    EUR 44 million

    Environmental aspects

    The project part concerning the investments in research and development are expected to be carried out in existing facilities already authorised for the same purpose; the construction of an engineering centre included in the project is expected to be located in an existing industrial area. The project would therefore not require an Environmental Impact Assessment (EIA) under the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. It will however be verified during the project due diligence.

    Procurement

    The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

    Status

    Signed - 5/07/2013

    Disclaimer

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

    Related tags

    Germany Industry