TANGENZIALE EST ESTERNA MILANO PPP

Promoter – Financial Intermediary

TANGENZIALE ESTERNA SPA

Location

• Italy

Description

The project consists in the construction of a new 32-km long toll motorway and ancillary works building the Eastern External bypass of the city of Milan (i.e.: TEEM), which will link the motorway A4 (Milano-Venezia) at Agrate Brianza, in the north, to the motorway A1 (Milano-Bologna) at Melegnano, in the south.

Objectives

The proposed new motorway will relieve traffic congestion along the eastern bypass corridor of Milan. It is therefore expected to result in substantial travel time savings, as well as in a reduction in trafic. The project is also expected to have a positive impact on air quality and greenhouse gas benefits by reducing trafic and thus motor vehicles emissions.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

EUR 700 million

Total cost (Approximate amount)

EUR 1400 million

Environmental aspects

The project will be required to comply with the relevant national and regional legal framework, and to be in line with EU environmental policies. The Promoter has already provided some documentationfor approval to the Competent Authorities. The compliance with the EIA Directives will be discussed and verified during appraisal.

Procurement

The Bank will require the Promoter to ensure that contracts for the award of the concession and implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
During appraisal, the Bank will review the appropriateness of the procurement procedures and require that they are compliant with the applicable EU directives.

Status

Signed - 27/02/2014