Release date: 12 November 2008
Promoter – Financial Intermediary
Husqvarna AB (publ).
Location
Description
The project concerns the part-financing of Husqvarna’s annual R&D expenditures in the 2009-2011 period.
Objectives
The project concerns investments in research, development and innovation related to forestry/garden/lawn and cutting equipment/diamond tools.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan up to SEK 700 million. (EUR 70 million).
Total cost (Approximate amount)
Approximately SEK 1 525 bn (EUR 152 million).
Environmental aspects
The project concerns investments in research and development that will be carried out in existing facilities already authorised. An Environmental Impact Assessment (EIA) therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC. Overall, the project is expected to have a neutral impact on the environment. A large part of the program focuses on the development of products with lower fuel consumption and emissions. In addition, the expected results will bring about improvements in safety, noise and ergonomics with the direct inherent benefits to the final user.
Procurement
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.
Status
Signed - 23/12/2008