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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Italy : € 500,000,000
    Industry : € 500,000,000
    Signature date(s)
    24/07/2009 : € 500,000,000
    Link to source

    Summary sheet

    Release date
    16 March 2009
    Status
    Reference
    Signed | 24/07/2009
    20080276
    Project name
    Promoter - financial intermediary
    Finmeccanica Mezzogiorno and R&D

    Finmeccanica S.p.A., the holding company of an Italian diversified industrial group with businesses concentrated in the aerospace and defence sectors and with sizeable interests in energy, transportation, information systems and communication.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Max EUR 500 million.
    About EUR 1 bn.
    Location
    Sector(s)
    Description
    Objectives

    Financing Finmeccanica’s investments for the upgrade and extension of its production facilities in Puglia and Campania for the development and production of innovative aircraft components contracted under risk sharing partnerships in major international aircraft programs.

    The project will include an upgrade of the promoter’s production facilities located in the regions of Puglia and Campania, both of which are Convergence Regions. Furthermore, a minor part of the investments consist of R&D, making the project eligible as contribution to the knowledge economy.

    Environmental aspects
    Procurement

    The project falls under Annex II of EU Directive 85/337/EEC as amended by Directives 97/11/EC and 2003/35/EC. The decision of the competent authority regarding the need for an EIA, any procedure carried out, if required, and the potential impact on biodiversity will be reviewed during appraisal.

    The promoter is a private company operating in the aerospace sector not covered by EU Directives on procurement. The appropriateness of the procurement procedures applied will be assessed during appraisal.

    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).

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