corporate_banner_en

Italy: EIB provides second tranche of EUR 500 million for Venice’s MOSE system

Projects
Regions
European Union
Enlargement countries
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Maximizing synergies
Financing & advisory services
Loans
Private equity
Advisory services
FEMIP Support Package
Procurement for TA operations
How to apply
Trust Fund
Technical advisory
Private equity
Organisation and staff
FEMIP Internship Programme
FEMIP Secondment Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Examples of EPTATF Operations
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Carbon finance
Activities
Financial instruments and advice
Climate Mainstreaming
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

Italy: EIB provides second tranche of EUR 500 million for Venice’s MOSE system

  • Available in: de en fr it
  •  Release date: 12 February 2013
  •  Reference: 2013-020-EN

Today in Rome, the European Investment Bank (EIB) provided a second tranche of EUR 500 million of the finance contract in support of the MOSE engineering system designed to help protect Venice. The loan will be granted to the Consorzio Venezia Nuova (CVN), the special purpose vehicle charged with implementing the MOSE project by the Ministry of Infrastructure and Transport via the Venice Water Authority.

The overall MOSE project consists of the construction at the three inlets to the Venice lagoon (Lido, Malamocco and Chioggia) of a system of mobile barriers to protect the city from storm surges. It is not an isolated scheme but forms part of the general plan to safeguard Venice and the lagoon launched by the Infrastructure Ministry in 1987.

For the EIB, the operation meets a number of financing priorities such as support for infrastructure works and environmental protection.

Today’s is the second tranche of an overall operation approved by the EIB four years ago for a loan of up to EUR 1.5 billion for the MOSE project. The first EUR 480 million instalment was signed in April 2011.




 Print
 Pdf
Copyright © European Investment Bank 2013
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2013/2013-020-italia-bei-seconda-tranche-di-500-milioni-per-il-mose-di-venezia.htm