I bought an OEM replacement inlet hose from DW Volvo in TN from Don Snyder. It cost $6.50 and it is part number 6842190. The two hose clamps are part 988023 and cost $1.75/each.
I did most of the repair from underneath the car after jacking it up and placing it on four jackstands.
I basically followed Tailor's procedure to remove the bottom hose clamp and the upper banjo bolt from the turbo housing. Then when you get the tube and hose out of the engine bay you can remove the upper hose clamp, which is virtually impossible to loosen (at least on mine). I did not remove the heat shield.
The picture below shows the state of the original hose, covered in oil at the top and somewhat hard to access: To remove the lower hose clamp I found there was an angle from the top of the engine that, with a 7mm socket and a 1' 9" extension (the longest I've ever had occasion to use), I could reach and loosen.
The picture below shows the extension going down to the hose clamp before I attached the ratchet and loosened it. Once I got the lower hose clamp a little loose, I got under the car and spun it around so I could finish loosening it with a 7mm ball driver. To get the old hose off the bottom nipple I had to gently slice the old hose with a knife taking care not to nick the nipple. I cleaned up the deposits on the nipple with a brass brush.
Then I used a 17mm socket and ratchet to loosen the banjo bolt at the top of the turbo housing. I did this from underneath the car and it was a little difficult. There is a heat shield on the firewall that is pretty sharp. Once my knuckle heals up I'm going shopping for an extendible 1/2" drive ratchet (the 10" handle on mine puts your knuckle right where the shield can get it).
As Tailor said there are two copper washers on the banjo bolt you have to keep track of. Once you get the tube and hose out of the car, you can remove the upper hose clamp, get the old hose off and clean everything up. I made a mental note of the angle (and took the picture below) showing how the tube fit to the hose so that I could put the new hose on at close to the right angle. The old copper washers had a little green corrosion and some compression marks but they didn't look too bad so I reused them. I cleaned up the banjo bolt hole and threads and the tube, and then installed the new hose. I needed to orient the hose clamps so the nuts faced me downwards -- that made it easier to tighten them up when I was under the car. I loosely attached the banjo bolt at the top and attached the hose at the bottom nipple. I found I needed a little liquid dishwashing soap on the tip of the nipple to get the hose to go on. Then I tightened everything up, refilled the coolant, burped the system of air and refilled about 4 times, checked for leaks, and it's all good!






