Release date: 17 February 2017
Promoter – Financial Intermediary
FASTWEB SPALocation
Description
Roll-out of the capacity expansion of the promoter's high speed broadband network based on fiber-to-the-street (FTTS) and fiber-to-the-home (FTTH) architecture throughout Italy. The project is planned to be implemented from early 2017 until the end of 2019.
Objectives
The project will assist in providing ultra-high speed fixed broadband services, as an alternative to and in competition with the incumbent fixed line operator and other existing broadband platforms, both fixed and mobile in Italy. Accordingly, the project is in line with the Europe 2020 Strategy to foster smart growth and develop an economy based on knowledge and innovation.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 240 million
Total cost (Approximate amount)
EUR 487 million
Environmental aspects
Investments in fixed telecommunication projects (mainly civil works for fibre roll-out) do not fall under the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended. The related works have limited environmental effects, apart from disturbances during civil work construction, which can be mitigated by appropriate measures. Full environmental details will be assessed during appraisal.
Procurement
The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.
Status
Signed - 24/05/2017
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).