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    Signature(s)

    Amount
    € 149,200,000
    Countries
    Sector(s)
    Italy : € 149,200,000
    Transport : € 149,200,000
    Signature date(s)
    5/05/2011 : € 15,000,000
    5/05/2011 : € 15,000,000
    4/08/2011 : € 15,000,000
    4/08/2011 : € 15,000,000
    30/11/2012 : € 28,000,000
    27/06/2012 : € 30,000,000
    27/06/2012 : € 31,200,000

    Summary sheet

    Release date
    29 April 2010
    Status
    Reference
    Signed | 05/05/2011
    20090797
    Project name
    Promoter - financial intermediary
    Grimaldi Roro II

    Gruppo Grimaldi

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to Eur 150 million.
    Approximately EUR 694 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the modernisation and enlargement of the Promoter’s fleet through the acquisition of 13 new multi-purpose cargo vessels to be employed on (i) Mediterranean routes and (ii) Atlantic routes between North Europe-South America-West Africa.

    The project vessels will operate on Grimaldi’s existing EU Mediterranean routes to and from Northern European ports and West Africa and South America, contributing to the development of sustainable transport within Europe as well as between Europe and third countries, and to the Commission’s policy to promote short Sea Shipping. The aim of this policy is to help curb the forecasted substantial increase in road traffic and help rebalance the modal shares as well as bypass land bottlenecks.

    Environmental aspects
    Procurement

    The project is expected to have no significant environmental impact. The Bank's services will verify environmental and safety issues, such as emissions data and compliance with MARPOL standards, during the project's due diligence.

    Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify the details during te project’s due diligence.

    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).

    General enquiries and comments

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    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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