Release date: 25 June 2004
Promoter – Financial Intermediary
AB Volvo (publ)Location
Description
The project comprises a number of selected research, development and innovative investment (RDI) activities and the implementation of their results into products. RDI is concentrated on the development of new materials, the improvement of vehicle safety and environmental standards.
Objectives
The Project would allow the company to continuously enhance productivity, product quality, and product range. The Promoter’s strategy of developing innovative technological solutions would continue to improve international competitiveness, and the company currently would thus be able to maintain a position as a technology leader and industry shaper in the truck market segment. The project thus contributes to the Lisbon strategy of increasing RDI efforts, especially for private sector companies.
Comments
i2i – Research, development and innovative investments (RDI), as well as creation and diffusion of new technologies.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan of up to SEK 2.0 bn (EUR 219 m).
Total cost (Approximate amount)
Approximately SEK 12 bn (EUR 1.3 bn).
Environmental aspects
RDI activities will be carried out in existing research centres, and will not require any new construction. An EIA is therefore not required by Directive 97/11/EC.
Procurement
Directive 93/37/EEC on public works does not apply to private industries.
Status
Signed - 3/12/2004
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).