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    Signature(s)

    Amount
    € 220,000,000
    Countries
    Sector(s)
    France : € 26,400,000
    Germany : € 193,600,000
    Industry : € 220,000,000
    Signature date(s)
    21/07/2010 : € 26,400,000
    21/07/2010 : € 193,600,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    25 August 2009
    Status
    Reference
    Signed | 21/07/2010
    20090267
    Project name
    Promoter - financial intermediary
    John Deere R&D
    Deere & Co
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 220 million.
    EUR 440 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the promoter’s R&D investments in the field of engines and drivetrains efficiency, farming and harvesting technology, safety improvements of off-road mobile machinery cabins as well as GPS based precision farming.

    The R&D activities include: development of enhanced tractor models in line with new emissions standards in order to improve the efficiency and reach a higher performance; design of efficient power transmissions, ergonomic cabins and use of alternative  energy sources; GPS applications. In the field of harvesting, enhancement of existing products and development of new products in order to improve productivity; development of new agricultural management systems. Concerning the production of engines, the objective is to improve existing engines in terms of efficiency, fuel consumption and emissions and to design new engines in order to meet the future emission standards.

    Environmental aspects
    Procurement

    The project concerns the continuation of current RDI practice and will be carried out within existing RDI facilities. An EIA should therefore not be required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, unless there are new premises to be built. The promoter will be required to assure that the provisions of the EIA Directive and those of any other relevant environmental requirements are complied with.

    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.

    Link to source
    Summary sheet

    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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    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.
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