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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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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.
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.

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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