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Signature(s)

Amount
€ 160,000,000
Countries
Sector(s)
Finland : € 160,000,000
Industry : € 160,000,000
Signature date(s)
21/11/2008 : € 160,000,000
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Summary sheet

Release date
9 October 2008
Status
Reference
Signed | 21/11/2008
20080168
Project name
Promoter - financial intermediary
Metso Environmental Technology RDI

Metso Corporation

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately up to EUR 160 million.
Approximately EUR 334 million.
Location
Sector(s)
Description
Objectives

The project concerns investments in research, development and innovation (RDI) related environmental products and services as well as in strategic product development programmes.

The project supports Metso’s strategic focus on the environmental business in pulp, paper, construction, mining and energy industries.

Environmental aspects
Procurement

The project concerns the continuation of current RDI practice and will be carried out within existing facilities; an Environmental Impact Assessment (EIA) is therefore not required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats’ 92/43/EEC and Birds’ 79/409/EEC Directives).

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

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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).

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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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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