Release date: 8 November 2013
Promoter – Financial Intermediary
KONE OYJLocation
Description
RDI investments related to elevator and escalator technologies during the period of 2013-2016.
Objectives
The project focuses on improving the environmental performance, ride comfort, visual design and safety of elevators and escalators.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 160 million
Total cost (Approximate amount)
EUR 336 million
Environmental aspects
The project concerns primarily investments in research and development that are expected to be carried out in existing facilities without changing their pre-authorised scope. An Environmental Impact Assessment (EIA) is therefore not expected to be required by EIA Directive 2011/92/EU. The project might, however, also include capital expenditures related to the R&D activities. Whether these investments fall under Annex II of the EIA Directive, along with any other environmental issues, will be clarified during the project’s appraisal.
Procurement
The promoter is a private sector company operating in the manufacturing sector not covered by EU Directives on procurement.
Status
Signed - 17/04/2014
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).