Release date: 20 February 2012
Promoter – Financial Intermediary
Cargotec Oyj
Location
Description
R&D activities concerning development of technologies and cargo handling solutions for industrial and on-road load handling, ports and container handling and for marine cargo handling and offshore load handling.
Objectives
Improvement of energy efficiency and environmental footprint– such as minimization of emissions and noise, prevention of oil leakage and improvement of safety – of Cargotec’s products and services.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
EUR 140 million
Environmental aspects
The project concerns primarily investments in research and development that are expected to be carried out in existing facilities already authorized and would therefore not require an Environmental Impact Assessment (EIA) under Annex II of the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. 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 - 7/05/2012
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).