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Signature(s)

Amount
€ 14,000,000
Countries
Sector(s)
Sweden : € 14,000,000
Industry : € 14,000,000
Signature date(s)
5/07/2019 : € 7,000,000
5/07/2019 : € 7,000,000
Link to source
Data sheet

Summary sheet

Release date
26 July 2019
Status
Reference
Signed | 05/07/2019
20180630
Project name
Promoter - financial intermediary
CIMA (EGFF)
CIMCO MARINE AB
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 14 million
EUR 28 million
Location
Sector(s)
Description
Objectives

The project concerns the development of marine outboard diesel engines offering increased fuel efficiency and environmental compatibility compared to the existing, highly polluting petrol engines. The investments supports research and development (R&D), as well as the capital expenditures related to the manufacturing and testing of the engines. Finally it includes operating expenditures and working capital needs supporting the growth of the company.

The R&D objectives include the development of engines with improved efficiency and environmental characteristics in terms of CO2 and local emissions, development of engine components that will improve drag in the water, and development of after treatment solutions to address the upcoming emission regulations. The capital investments will increase the production capacity as well as its efficiency through automation of the production line.

Environmental aspects
Procurement

The R&D activities take place in existing locations and neither have any environmental impact nor do they require any environmental authorizations. The investments related to the production capacity concern mainly tooling and equipment within existing authorised facilities that do not belong to the promoter.

The Company is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives.

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).

Documents

Environmental and Social Data Sheet (ESDS) - CIMA (EGFF)
Publication Date
9 Aug 2019
Document language
Main Topic
Lending
Document Number
88304995
Document Focus
Environmental Information
Project Number
20180630
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - CIMA (EGFF)
Publication Date
21 Dec 2022
Document language
Main Topic
Lending
Document Number
161248434
Document Focus
Environmental Information
Project Number
20180630
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - EUROPEAN GROWTH FINANCE FACILITY
Publication Date
13 Sep 2019
Document Language
English
Main Topic
lending
Document Number
122912044
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20180667
Last update
19 Aug 2020
Sector(s)
Services
Countries
Bulgaria, Kenya, Ghana, Mexico, Philippines
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.
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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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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