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Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Italy : € 400,000,000
Transport : € 120,000,000
Urban development : € 280,000,000
Signature date(s)
21/12/2010 : € 60,000,000
21/12/2010 : € 60,000,000
21/12/2010 : € 140,000,000
21/12/2010 : € 140,000,000
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Summary sheet

Release date
22 October 2010
Status
Reference
Signed | 21/12/2010
20070033
Project name
Promoter - financial intermediary
Sviluppo Urbano Milano

Comune di Milano

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 200 million.
EUR 400 million.
Description
Objectives

The framework loan is intended to finance a selected list of schemes included in the Public Work Program 2010-2012 of the Municipality of Milan. The schemes eligible for Bank financing will be selected in close cooperation with the Promoter.

The operation will contribute to facilitate the implementation of investment schemes that will contribute to the efficiency of the urban transport system and improve the quality of urban life from both an environmental and a social perspective.

Environmental aspects
Procurement

The project includes a wide range of schemes, some of which may fall under Annex II of the Directive 85/337/CEE (as subsequently amended). However, most of the schemes included in the project are of small size and unlikely to require an EIA. The project is expected to have an overall net positive effect on the environment as well as important social benefits for the population and is unlikely to affect any Natura 2000 site. As the project consists of the financing of a program of investments, compliance of the main strategic plans with Directive 2001/42/EC will also be required.

The Promoter follows EU public procurement procedures. The Bank will require the contracts for the implementation of the projects to be tendered in compliance with the applicable EU procurement legislation, in particular Directive 2004/17/CE and Directive 2004/18/CE, with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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