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    Signature(s)

    Amount
    € 80,000,000
    Countries
    Sector(s)
    Italy : € 80,000,000
    Industry : € 80,000,000
    Signature date(s)
    21/12/2010 : € 80,000,000
    Link to source

    Summary sheet

    Release date
    11 August 2009
    Status
    Reference
    Signed | 21/12/2010
    20090374
    Project name
    Promoter - financial intermediary
    Danieli RDI
    Danieli S.p.A.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 85 million.
    Up to EUR 175 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of Danieli’s R&D-investments in iron and steel-making processes, including the construction of a pilot, rolling and forging mill for high quality, long steel products.

    The project aims to attain higher production efficiency by better quality, lower energy consumption and enhanced environmental sustainability.

    Environmental aspects
    Procurement

    Although the investments in research and development that will be carried out in existing facilities, already authorised, are expected not to necessitate an Environmental Impact Assessment (EIA), the investment in the pilot forging line falls under Annex II of the EIA Directive 85/337/EC amended by Directives 97/11/EC and 2003/35/EC and therefore would require an EIA. During the project’s due diligence, the Bank’s services will verify the competent authority’s determination whether the project has been subject to an assessment.

    Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify 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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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