Release date: 12 July 2005
Promoter – Financial Intermediary
Lidl Italia SrlLocation
Description
The project investment programme concerns the development of some small to medium-sized commercial outlets and includes a new distribution centre.
Objectives
The project will contribute to modernise the Italian and Maltese distribution chains. Consumers are expected to benefit from an increased efficiency and a more diversified offer.
Comments
Retail distribution.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 55 million.
Total cost (Approximate amount)
EUR 110 million.
Environmental aspects
The project (small commercial outlets and a logistic centre) does not fall under the EC Directive 97/11 on environmental impact assessment nor under Italian and Maltese legislations. However, during the evaluation process the environmental studies required to obtain the building permits will be analysed.
Procurement
The promoter is a private company to which EU Directives on procurement do not apply. The procurement will follow procedures usually applied in private sector projects.
Status
Signed - 7/12/2005