Release date: 8 February 2006
Promoter – Financial Intermediary
Voith AGLocation
Description
Financing the promoter’s paper technology RDI programmes and facilities in the 2005-2007 period.
Objectives
The project aims at improving the Promoter’s innovation capacity, thereby impacting positively on its international competitiveness. The project should thus contribute to the recommendations of the European Council in Lisbon (i2i, creation and diffusion of R&D).
Comments
Manufacturing of machinery for paper and paperboard production.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
Some components of the project could fall under Annex II of EU Directive 97/11/EC on Environmental Impact Assessment (EIA). Requirement of EIA and actual/possible significant impacts on protected flora and fauna (Habitats’ and Birds’ Directives) will be verified during project appraisal.
Procurement
The promoter is a private company to which EU Directives on procurement (Classic and Utilities) do not apply.
Status
Signed - 21/12/2006