Release date: 2 February 2009
Promoter – Financial Intermediary
Scania CV AB (publ.)
Location
Description
The project concerns the part-financing of Scania’s annual R&D expenditures in the 2009-2012 period.
Objectives
The project concerns investments in research and development for future low emission engines and related chassis development for trucks and buses.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan up to EUR 400 million.
Total cost (Approximate amount)
Approximately EUR 1 000 million.
Environmental aspects
The project concerns the promoter’s RDI activities in engine technology (fuel efficiency, reduction of NOx and particulate emissions), hybrid technologies and cabin and chassis development, in order to meet forthcoming legislative requirements regarding emissions (EURO VI and thereafter anticipated requirements) and noise standards. The project further includes a new wind tunnel facility, a new acoustic certification chamber and a new test track. Finally the project includes downstream capital expenditures associated with the production of the new EURO VI engines cabins and chassis. The project will be carried out in Södertälje, Sweden.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 30/04/2009
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).