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    Signature(s)

    Amount
    € 600,000,000
    Countries
    Sector(s)
    France : € 60,000,000
    Sweden : € 540,000,000
    Industry : € 600,000,000
    Signature date(s)
    16/12/2016 : € 30,000,000
    30/03/2017 : € 30,000,000
    16/12/2016 : € 270,000,000
    30/03/2017 : € 270,000,000
    Link to source

    Summary sheet

    Release date
    16 October 2015
    Status
    Reference
    Signed | 16/12/2016
    20150457
    Project name
    Promoter - financial intermediary
    RDI VEHICLE IMPROVEMENTS
    RDI Vehicle
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 600 million
    EUR 1250 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns research, development and innovation (RDI) investments in the areas of fuel efficiency, pollutant emissions and active and passive safety. In addition, the project includes a number of activities related to innovative powertrains and alternative fuels as well as novel projects in the area of efficient mobility (platooning). The projects concern powertrain, component and vehicle-related activities in all three divisions (commercial vehicles, buses and construction equipment) and will be carried out in the promoter's technical centres in Sweden and France.

    The investment programme will have a positive environmental impact through the reduction of truck emissions and fuel consumption, and will allow the promoter to develop the next powertrain generation compliant with upcoming regulations. In addition, and given the high importance of fuel consumption in the commercial vehicles segment, the activities on fuel efficiency will allow the promoter to maintain its competitive advantage in the segment, consequently securing its research and development (R&D) activities and overall workforce in Europe.

    Environmental aspects
    Procurement

    The project concerns investments in research and development that are expected to be carried out in existing facilities without changing their already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. Any possible environmental issue will however be verified during the project appraisal.

    The promoter is a private company not operating in the utilities sector and not having the status of contracting authority. Thus it is not covered by EU directives on procurement.

    Link to source

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - VOLVO TRUCKS RDI VEHICLE IMPROVEMENTS
    Publication Date
    21 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    64227411
    Document Focus
    Environment
    Project Number
    20150457
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - VOLVO TRUCKS RDI VEHICLE IMPROVEMENTS
    Publication Date
    16 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    133502137
    Document Focus
    Environmental Information
    Project Number
    20150457
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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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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