Release date: 25 November 2014
Promoter – Financial Intermediary
ROLLS-ROYCE PLCLocation
Description
The project concerns the research, development and innovation (RDI) activities for the development of an extended thrust version of a new aero-engine family.
Objectives
The proposed RDI investments are consistent with the Bank’s transport lending policy, contributing through research, development and innovation activities to improved energy efficiency, reduced fuel burn and cost-efficient aircraft.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 280 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
The RDI activities are expected to be carried out in existing and already approved research and development (R&D) centres that will not change their scope due to the project. The project is not subject to Directive 2011/92/EU, and an environmental impact assessment (EIA) is therefore not needed. However the Bank’s services will further assess all the environmental details during the due diligence.
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 - 30/04/2015
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).