Release date: 21 October 2005
Promoter – Financial Intermediary
Finanziaria per le Opere Pubbliche e le Infrastrutture S.p.A.
(Sanpaolo IMI Group)
Contact: Mr A. Eichholzer
Tel: +39 011 555 7916
Management Company:
Fondaco SGR S.p.A.
Contact: Mr. L. Vaiani
Tel: +39 011 55 20 258
Location
Description
Closed-end investment fund which will invest in Italian PPP projects and local public utility companies. The Fund is reserved to qualified investors and its creation will be subject to approval by the Bank of Italy.
Objectives
To invest equity/quasi equity in about twenty projects over the next six years.
Comments
Health, energy, water & wastewater, transport.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 20 million.
Total cost (Approximate amount)
Between EUR 80 million and EUR 100 million.
Environmental aspects
The detailed investment guidelines of the fund will clearly set out the obligations of the fund managers to respect the EU environmental requirements and all applicable national and EU law.
Procurement
The detailed investment guidelines of the fund will include obligations on the fund managers to confirm that the procurement process is compliant with EU directives.
Status
Signed - 5/12/2006