Release date: 29 October 2012
Promoter – Financial Intermediary
SCANIA CV ABLocation
Description
The project concerns selected activities from the promoter’s research and development (R&D) programme, specific to the development of a new commercial vehicle platform.
Objectives
The new platform will incorporate new features aiming among other things at improved fuel economy, weight reduction and enhanced safety.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 493 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised, in which case an Environmental Impact Assessment (EIA) would not be required by EIA Directive 2011/92/EU. However, the Bank’s services will review during the project’s appraisal whether the investment also concerns capital expenditures related to the construction of test facilities that could fall under Annex II of the EIA directive, as well as any other environmental details.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority, and is thus not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects, but nevertheless the Bank’s services will verify details during the project’s appraisal.
Status
Signed - 18/01/2013