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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Italy : € 250,000,000
    Transport : € 250,000,000
    Signature date(s)
    2/10/2009 : € 80,000,000
    7/08/2008 : € 81,000,000
    15/06/2010 : € 89,000,000
    Link to source

    Summary sheet

    Release date
    19 May 2008
    Status
    Reference
    Signed | 07/08/2008
    20070166
    Project name
    Promoter - financial intermediary
    Grimaldi Ropax - Motoways of the Sea
    Gruppo Grimaldi
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 250 million
    Approximately EUR 551 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the purchase of four roll on – roll off passenger/vehicle (ro-pax) ferries, one delivered and three currently under construction at the Fincantieri shipyard, Italy. The vessels will be employed on EU Mediterranean routes.

    The project vessels will operate on Grimaldi’s existing/new Mediterrean routes contributing to the development of the internal European market and to the Commission’s policy to promote short Sea Shipping. The aim of this policy is to help curb the forecasted substantial increase in road traffic and help rebalance the modal shares as well as bypass land bottlenecks.

    Environmental aspects
    Procurement

    The project is expected to have no significant environmental impact. The Bank's services will verify environmental and safety issues, such as emissions data and compliance with MARPOL standards, during the project's due diligence.

    Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify the details during the project's due diligence.

    Link to source

    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).

    News & Stories

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