Release date: 18 November 2008
Promoter – Financial Intermediary
Nokia Corporation
Location
Description
The project concerns part financing of Nokia Group’s research and development expenses in the 2009-2011 period.
Objectives
The project aims at development of software to be applied on the smartphone range of models of Nokia.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 500 million.
Total cost (Approximate amount)
Approximately EUR 1 600 million.
Environmental aspects
The project concerns the continuation of current RDI practice which is carried out within existing facilities in principle compliant with existing legislation. During appraisal it will be checked whether the construction of new facilities is planned and if it will comply with the EIA Directive 85/337/EEC (amended by Directives 97/11/EC and 2003/35/EC) and the Habitats Directive 92/43/EEC.
Procurement
The promoter is a private company, not operating in the utilities sector, and therefore EU procurement regulations do not apply to this project.
Status
Signed - 10/02/2009
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).