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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Italy : € 150,000,000
Transport : € 150,000,000
Signature date(s)
24/05/2011 : € 20,000,000
30/12/2009 : € 40,000,000
30/12/2009 : € 40,000,000
24/05/2011 : € 50,000,000
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Summary sheet

Release date
5 October 2009
Status
Reference
Signed | 30/12/2009
20090395
Project name
Promoter - financial intermediary
Autostrade del Nord-Ovest
The Promoter is the second largest toll motorway builder and operator in Italy.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 150 million
Up to 360 million
Location
Sector(s)
Description
Objectives

The project aims at implementing safety and environmental upgrading investments, including safety barriers and safety measures for tunnels, as well as noise barriers on several sections of five motorways (Autostrada Torino-Alessandria-Piacenza, Autostrade Valdostane, Autostrada Torino Ivrea Valle d’Aosta, Autostrada dei Fiori, Autostrada Ligure Toscana) located in north-western Italy and totalling 656 km. All motorways, except for some 35 km section, are part of the TEN-T network.

The project aims at improving road safety and at protecting communities against traffic noise in a large part of the motorway network in north-western Italy. It is therefore eligible for financing under Art. 267, point c) of the EC Treaty and for supporting road safety and sustainable transport solutions in line with European policy objectives.

Environmental aspects
Procurement

Compliance of the project (or sections of it) with EU EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, and compliance with EU Habitats Directive 92/43/EEC and EU Birds Directive 79/409/EEC will be verified during appraisal. The upgrading investments are not part of a plan or programme as defined in the SEA Directive 2001/42/EC and consequently the SEA Directive is not applicable.

The project's compliance with applicable EU legislation will be checked, with respect in particular to the publication of tender notices in the EU Official Journal, as and where appropriate.

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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.

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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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