Release date: 21 August 2009
Promoter – Financial Intermediary
Saab Automobile ABLocation
Description
The project concerns the part-financing of Saab Automobile’s expenditures for selected R&D projects in the 2009-2012 period.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan up to EUR 400 million.
Total cost (Approximate amount)
Approximately EUR 900 million.
Environmental aspects
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
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 - 23/02/2010
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).