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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Czechia : € 300,000,000
Industry : € 300,000,000
Signature date(s)
4/12/2009 : € 150,000,000
6/01/2010 : € 150,000,000
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Summary sheet

Release date
13 October 2009
Status
Reference
Signed | 04/12/2009
20080799
Project name
Promoter - financial intermediary
Skoda RDI & Production Investments
ŠKODA AUTO a.s.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million.
Estimated at EUR 600 million
Location
Sector(s)
Description
Objectives

The project concerns the modernisation of the promoter’s production facilities in the Czech Republic and several strategic RDI investments, comprising (i) selected projects linked to the development of a new model, (ii) capital expenditures related to a new production line and tooling investments; (iii) development and adaptation of powertrain technology across the promoter’s range of current and future models in order to comply with upcoming emission legislation; and (iv) the reduction of emissions and improvements to fuel efficiency by optimising vehicle layout and introducing energy saving and recuperation measures. The investments will mainly be made at the promoter’s headquarters in Mlada Boleslav.

Reduction of fuel consumption and emissions, as well as enhancement of overall energy efficiency of the company’s vehicles.

Environmental aspects
Procurement

The project concerns investments in research and development that will be carried out in existing facilities already authorised, as well as some capital expenditure. Whether an EIA is required by EIA Directive 85/337/EEC, amended by Directive 97/11/EC will be verified by the Bank’s services during appraisal.

The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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