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    Signature(s)

    Amount
    € 283,000,000
    Countries
    Sector(s)
    Italy : € 283,000,000
    Energy : € 283,000,000
    Signature date(s)
    19/07/2013 : € 283,000,000

    Summary sheet

    Release date
    10 April 2013
    Status
    Reference
    Signed | 19/07/2013
    20130071
    Project name
    Promoter - financial intermediary
    UNDERGROUND GAS STORAGE FACILITY DEVELOPMENT
    The promoter is the largest gas storage operator in Italy.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 283 million
    EUR 567 million
    Location
    Sector(s)
    Description
    Objectives

    Investments for the development of an underground gas storage facility in the Lombardy region.

    Natural gas storage facilities play an important role in providing flexibility and security to the gas system. The project, a priority Trans-European energy network (TEN-E) project, would add further resilience to the Italian gas system by reducing the risk of supply interruption and improving the whole system's management in situations of excess of demand (peak loads) or shortage of supply as well as adding strategic reserve capacity.

    Environmental aspects
    Procurement

    The project has been subject to an environmental assessment as required by the Environmental Impact Assessment (EIA) Directive 2011/92/EU. Authorisation has been granted by the competent authorities in November 2009.

    The investments under the project are subject to the procurement provisions defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sectors.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - STOGIT GAS STORAGE
    Publication Date
    17 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    47893257
    Document Focus
    Environmental Information
    Project Number
    20130071
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - STOGIT GAS STORAGE
    Publication Date
    17 Jun 2014
    Document language
    Main Topic
    Lending
    Document Number
    53221942
    Document Focus
    Environmental Information
    Project Number
    20130071
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - STOGIT GAS STORAGE
    Publication Date
    1 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    88227761
    Document Focus
    Environmental Information
    Project Number
    20130071
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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