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VOLVO TRUCKS CLEAN ENGINE R&D 2

Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Sweden : € 400,000,000
Industry : € 400,000,000
Signature date(s)
29/06/2010 : € 400,000,000
Link to source
Data sheet
VOLVO TRUCKS CLEAN ENGINE R&D 2
Other links
Summary sheet
Volvo Trucks Clean Engines R&D 2

Summary sheet

Release date
14 January 2010
Status
Reference
Signed | 29/06/2010
20090696
Project name
Promoter - financial intermediary
Volvo Trucks Clean Engines R&D 2

AB Volvo (publ.)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Loan up to EUR 400 million
Approximately EUR 2 256 million
Location
Sector(s)
Description
Objectives

The project concerns the part-financing of AB Volvo Group’s annual R&D expenditures in the year 2010. The project has the same scope and objectives as the ongoing project with the Promoter and will be the basis for a second loan.

The project concerns investments in research and development for future low emission engines and related chassis development for transport and construction vehicles.

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized in which case an EIA would not be required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details, and especially the ones related to the location of the R&D facilities, during the project’s appraisal.

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
Volvo Trucks Clean Engines R&D 2
Other links
Data sheet
VOLVO TRUCKS CLEAN ENGINE R&D 2

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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