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    Signature(s)

    Amount
    € 224,119,769.6
    Countries
    Sector(s)
    Sweden : € 224,119,769.6
    Industry : € 224,119,769.6
    Signature date(s)
    3/12/2004 : € 224,119,769.6
    Link to source
    Data sheet

    Summary sheet

    Release date
    25 June 2004
    Status
    Reference
    Signed | 03/12/2004
    20030515
    Project name
    Promoter - financial intermediary
    Volvo RDI (Sweden)
    AB Volvo (publ)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Loan of up to SEK 2.0 bn (EUR 219 m).
    Approximately SEK 12 bn (EUR 1.3 bn).
    Location
    Sector(s)
    Description
    Objectives

    The project comprises a number of selected research, development and innovative investment (RDI) activities and the implementation of their results into products. RDI is concentrated on the development of new materials, the improvement of vehicle safety and environmental standards.

    The Project would allow the company to continuously enhance productivity, product quality, and product range. The Promoter’s strategy of developing innovative technological solutions would continue to improve international competitiveness, and the company currently would thus be able to maintain a position as a technology leader and industry shaper in the truck market segment. The project thus contributes to the Lisbon strategy of increasing RDI efforts, especially for private sector companies.

    Environmental aspects
    Procurement

    RDI activities will be carried out in existing research centres, and will not require any new construction. An EIA is therefore not required by Directive 97/11/EC.

    Directive 93/37/EEC on public works does not apply to private industries.

    Comments

    i2i – Research, development and innovative investments (RDI), as well as creation and diffusion of new technologies.

    Link to source
    Summary sheet
    Other links

    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).

    News & Stories

    Link to source
    Other links
    Data sheet
    Summary sheet

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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