Reference: 20190524
Release date: 9 June 2020

Promoter – Financial Intermediary

OESSUR HF

Location

Description

The project concerns the promoter's R&D investments for innovative prosthetics and bracing solutions.

Objectives

The RDI activities focus on innovative solutions in prosthetics and orthotics that can help people regain or maintain their mobility.

Sector(s)

Proposed EIB finance (Approximate amount)

USD 75 million (EUR 67 million)

Total cost (Approximate amount)

USD 156 million (EUR 139 million)

Environmental aspects

RDI activities included in the project will not materially change current R&D practice and will be carried out within existing facilities already authorised for the same purpose and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Full environmental details will be verified during the appraisal.

Procurement

The promoter is a private company not operating in the utilities sector and is thus not covered by EU Directives on procurement.

Status

Signed - 27/03/2020

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).

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