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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Italy : € 500,000,000
    Energy : € 500,000,000
    Signature date(s)
    19/06/2009 : € 500,000,000
    Link to source

    Summary sheet

    Release date
    17 December 2008
    Status
    Reference
    Signed | 19/06/2009
    20080688
    Project name
    Promoter - financial intermediary
    Terna Reti Elettriche II

    TERNA S.p.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 300 million.
    Estimated at EUR 618 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of 3 project schemes aimed at reinforcing and extending the Italian national electricity transmission network. It includes the TEN-E project for doubling the connection between mainland Italy and Sicily and two more projects located in the centre and in the north of the country respectively.

    The main purpose of the project is to improve the reliability of supply, to support the efficient operation of traditional and renewable generation resources, and to reduce transmission congestion.

    Environmental aspects
    Procurement

    By their technical characteristics the project schemes do fall under Annex I or Annex II of the EIA directive. The impacts that can be typically expected for such project schemes relate to visual impact, electromagnetic fields, disturbance during construction and impact on flying vertebrates and seabed fauna and flora. The specific requirements of the Italian environmental legislation and the promoter’s application thereof will be investigated during appraisal. This includes addressing potential negative impacts on sites of nature conservation.

    The promoter is subject to the Public Procurement Act of Italy (Dlgs. 163/06) that came into force in 2006 transposing the EU Directives on public procurement. The promoter’s approach for procurement of goods and services will be investigated 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).

    News & Stories

    Link to source

    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.

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    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.

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    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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