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    Signature(s)

    Amount
    € 400,000,000
    Countries
    Sector(s)
    Sweden : € 400,000,000
    Industry : € 400,000,000
    Signature date(s)
    23/02/2010 : € 400,000,000
    Link to source

    Summary sheet

    Release date
    21 August 2009
    Status
    Reference
    Signed | 23/02/2010
    20090300
    Project name
    Promoter - financial intermediary
    Saab Automobile Ecopower & Safety R&D
    Saab Automobile AB
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Loan up to EUR 400 million.
    Approximately EUR 900 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the part-financing of Saab Automobile’s expenditures for selected R&D projects in the 2009-2012 period.

    The project concerns RDI activities related to the improvement of fuel efficiency and safety of the Saab Automobile’s future car fleet. The project includes also the capital expenditures associated with the new tooling and upgrading of existing facilities for the production of the above developments. The project, which will be implemented over the period 2009-2012, will be carried out in the promoter’s existing facilities in Trollhättan, Sweden, and at engineering facilities of automotive suppliers and specialised engineering companies.

    Environmental aspects
    Procurement

    The project concerns investments in research and development that are expected to be carried out in existing facilities already authorized in which case an EIA would not be required. In addition, the expected results of the developments will be manufactured in the promoter’s existing facility.

    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.

    Link to source

    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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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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