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    Reference: 20180259
    Release date: 28 May 2018

    Promoter – Financial Intermediary

    KONE OYJ

    Location

    Description

    The project consists of research, development and innovation (RDI) investments related to elevators, escalators, and people-flow intelligence technologies during the 2018-2021 period.

    Objectives

    The project focuses on improving the environmental performance, ride comfort, visual design and safety of elevators and escalators.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 431 million

    Environmental aspects

    The project concerns investments in research and development that are expected to be carried out in existing facilities without changing the already-authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. However, the Bank's services will review during the project appraisal all the project-related environmental details.

    Procurement

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    Status

    Signed - 17/06/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Finland Italy Industry