Release date: 11 May 2012
Promoter – Financial Intermediary
ATLANTIA SPALocation
Description
The project concerns the upgrading of the capacity of the A1 toll motorway between Florence and Bologna, namely of the Barberino - Firenze Nord section. The A1 motorway is part of the TEN-T and is the backbone of Italy’s road transport network. Project works also consist in a combination of upgrading and widening of the existing motorway and building of new stretches parallel to the existing motorway.
Objectives
The project aims at improving traffic fluidity and road safety, in line with international standards. The proposed upgrades are expected to result in travel time savings and a reduction in vehicle operating costs. The project is also expected to have some air quality and greenhouse gas benefits by way of relative reduction of vehicle emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1100 million
Environmental aspects
The project will be required to comply with the relevant national and regional legal framework and to be in line with EU environmental policies. The promoter has already provided some approval documentation from the Competent Authorities. The compliance with the EIA Directives will be verified during appraisal.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate. During appraisal, the Bank will review the procurement procedures and require that they are compliant with the applicable EU directives.
Status
Signed - 26/07/2012