Release date: 4 March 2013
Promoter – Financial Intermediary
LINEA GROUP HOLDING SRLLocation
Description
Upgrading and development of the gas, electricity distribution and district heating networks in selected provinces of the Lombardy and Emilia Romagna regions.
Objectives
The upgrading and the expansion of the networks are necessary to maintain a safe and reliable service to existing consumers, meet peak demands and to provide for growth in demand. The project will also potentially contribute to increase energy efficiency.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 206 million
Environmental aspects
Current information suggests that the project components will fall under Annex II of the Environmental Impact Assessment Directive (2011/92/EC), requiring the competent authority to determine the need for an EIA in line with the Directive. This will be further assessed during appraisal. On the basis of a preliminary assessment, the environmental impacts of the project are expected to be limited.
Procurement
The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.
Status
Signed - 29/10/2013
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).