Summary sheet
Volvo Car Corporation
The project concerns the part-financing of Volvo Car Corporation’s forecast R&D expenditures in the 2009-2012 period.
The project concerns investments in research and development for future low emission engines and related platform development for cars.
The project concerns investments in research and development that will be carried out in existing facilities already authorised. An 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, while the products of the programme will significantly reduce CO2 emissions with a direct positive impact on the environment. The expenditures relating to the development and adaptation of the related manufacturing facilities, will also take place in existing facilities where appropriate environmental permissions have been granted.
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.
Loan foreseen under the European Clean Transport Facility (ECTF)
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