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ARVEDI MODERNISATION PROGRAMME

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ARVEDI MODERNISATION PROGRAMME

  •  Reference: 20140677
  •  Release date: 26 February 2015
Promoter – Financial Intermediary

FINARVEDI SPA

Location
Description

Financing of part of the promoter's modernisation programme

Objectives

The project comprises investment in two of Arvedi's north Italian production sites for the modernisation and downstream extension of production processes, introduction of new products and research and development (R&D) activities in steel products.

Comments
 
Sector(s)
Proposed EFSI financing
EUR 100 million
Related total EFSI investment
EUR 194 million
Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 227 million

Environmental aspects

The project concerns modernisation investment in both plants and R&D that are expected to be carried out in existing facilities. Parts of the investment require an environmental impact assessment (EIA) and a change in the existing site-specific environmental authorisation (AIA).

Procurement

The promoter has been assessed as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

Status

Signed   -   22/05/2015.


Disclaimer

The figures on this page are not part of formal EIB Group reporting on EFSI. Therefore, they are provisional and unaudited. The figures are subject to change. Approvals of EIB projects by the EIB Board of Directors are a requirement for financing negotiations with project promoters which, if successful, lead to signatures.



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