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Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Sweden : € 400,000,000
Industry : € 400,000,000
Signature date(s)
30/04/2009 : € 400,000,000
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Summary sheet

Release date
2 February 2009
Status
Reference
Signed | 30/04/2009
20080699
Project name
Promoter - financial intermediary
Scania Trucks Clean Engines R&D

Scania CV AB (publ.)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Loan up to EUR 400 million.
Approximately EUR 1 000 million.
Location
Sector(s)
Description
Objectives

The project concerns the part-financing of Scania’s annual R&D expenditures in the 2009-2012 period.

The project concerns investments in research and development for future low emission engines and related chassis development for trucks and buses.

Environmental aspects
Procurement

The project concerns the promoter’s RDI activities in engine technology (fuel efficiency, reduction of NOx and particulate emissions), hybrid technologies and cabin and chassis development, in order to meet forthcoming legislative requirements regarding emissions (EURO VI and thereafter anticipated requirements) and noise standards. The project further includes a new wind tunnel facility, a new acoustic certification chamber and a new test track. Finally the project includes downstream capital expenditures associated with the production of the new EURO VI engines cabins and chassis. The project will be carried out in Södertälje, Sweden.

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

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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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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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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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