Reference:
20070332
Release date: 5 February 2008
Release date: 5 February 2008
Promoter – Financial Intermediary
Rolls-Royce plcLocation
Description
Development of a large aircraft engine (“Trent XWB”), integrating a number of innovative technologies.
Objectives
The project would contribute to furthering private sector investment in research and development and innovation, as well as to developing European experience and expertise in science and technology. The project is hence eligible under Article 267 (c) in relation to i2i of the EC Treaty.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
n.a.
Environmental aspects
The new engine is expected to bring about benefits for the environment through reduced fuel burn, emissions and noise compared to engines in operation today.
Procurement
Because this is a private sector project, EU procurement legislation does not apply to the project.
Status
Signed - 2/07/2008