Release date: 24 January 2007
Promoter – Financial Intermediary
AB Volvo (publ.)Location
Description
The project concerns the part-financing of the Volvo Group's annual R&D expenditures in the 2007-2009 period.
Objectives
The project aims at improving and consolidating the Volvo Group's technological leadership in the truck and bus market segments. The technology development and innovation would allow the promoter to safeguard profitability and to maintain its position as one of the leading developers and producers of fuel efficient, safe and reliable products that comply with EU legislation. Consequently this project will enable the European promoter to reach the necessary standards and also strengthen its competitiveness internationally.
Comments
Research, Development and Innovation.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan up to SEK 3.0 billion (EUR 332 million).
Total cost (Approximate amount)
Approximately SEK 6.0 billion (EUR 664 million) over the relevant period.
Environmental aspects
The execution of the RDI programme will have no material environmental impact. All national and EU environmental legislation will be respected.
Procurement
The promoter is a private company and therefore not bound by EC Directives on procurement.
Status
Signed - 5/12/2007
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).