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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Italy : € 100,000,000
Urban development : € 100,000,000
Signature date(s)
27/11/2009 : € 40,000,000
14/12/2009 : € 60,000,000
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Summary sheet

Release date
18 May 2009
Status
Reference
Signed | 27/11/2009
20090093
Project name
Promoter - financial intermediary
Sviluppo Integrato Ferrara
Comune di Ferrara/Provincia di Ferrara
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million.
EUR 200 million.
Location
Sector(s)
Description
Objectives

The project concerns the financing of different investment schemes of the Ferrara Municipality’s and the Ferrara Province’s medium-term investment programmes. The investments mainly cover the fields of transport, rehabilitation of streets/roads and improvement of traffic safety, educational infrastructures, cultural and historical heritage, public buildings rehabilitation and some measures in the field of environmental improvement and energy efficiency.

The loan is directed at the co-financing of an integrated investment programme for the upgrading of the urban infrastructures of the City and the Province of Ferrara, and for the improvement of the provision of basic services to the population in an area which has undergone a deep process of industrial restructuring.

Environmental aspects
Procurement

The Bank’s appraisal will focus on the promoter’s environmental management capacity and on the verification of the respect of environmental principles correct application both for the global area strategic plan and for each of the selected road schemes (EIA), including the assessment of requirements of the Habitat and Bird Directive, where appropriate.

The Promoter is subject to EU regulations (EU Directives 2004/18/EC and 2004/17/EC). Tenders will be/have been organized in compliance with EU requirements, with publication of tender notices in the EU Official Journal for projects above thresholds. Application of EU procedures by the local authorities for the tender of services, supplies and civil works will be reviewed by the Bank’s services during appraisal.

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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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