Release date: 12 December 2013
Promoter – Financial Intermediary
KNORR-BREMSE AGLocation
Description
The project concerns the company's R&D on brake systems in both its corporate divisions: rail and commercial vehicles. Knorr-Bremse is a leading supplier of brake technology to the truck- and rail industry.
Objectives
The main project objectives are improvement of safety, energy efficiency, reliability and reduction of wear and tear of the different components.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
The project primarily concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an EIA under the Directive 2011/92/EU. The Bank’s services will review during the project appraisal whether the investment that concerns capital expenditures falls under Annex II of the EIA Directive, as well as any other environmental details.
Procurement
The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.
Status
Signed - 11/07/2014
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).