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AB Volvo (publ.)
The project concerns the part-financing of AB Volvo Group’s annual R&D expenditures in the year 2010. The project has the same scope and objectives as the ongoing project with the Promoter and will be the basis for a second loan.
The project concerns investments in research and development for future low emission engines and related chassis development for transport and construction vehicles.
The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized in which case an EIA would not be required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details, and especially the ones related to the location of the R&D facilities, during the project’s appraisal.
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.