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Signature(s)

Amount
€ 120,000,000
Countries
Sector(s)
Italy : € 120,000,000
Transport : € 120,000,000
Signature date(s)
27/11/2013 : € 120,000,000
Link to source

Summary sheet

Release date
15 October 2010
Status
Reference
Signed | 27/11/2013
20100182
Project name
Promoter - financial intermediary
Frejus Tunnel Improvements

The promoter is a toll motorway and tunnel builder and operator in Italy.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 120 million.
EUR 480 million.
Location
Sector(s)
Description
Objectives

The project concerns the construction of the Frejus safety tunnel at the border between Italy (Bardonecchia) and France (Modane). The rationale of the project resides in the need to enhance and upgrade the safety standards of the Frejus tunnel to the European Directive EU 2004/54 which specifies the minimum safety requirements for TEN-T road tunnels. The project is located on a cross-border section of the TEN road network between Italy and France.

The project will improve traffic conditions on an international road link from the Piedmont region / Turin to the Savoie region / Lyon. The main benefits are safety improvements on the tunnel. The tunnel where the safety investments are considered for financing is part of the Trans-European Transport Network (TEN-T). It is therefore eligible under the TEN-T criterion.

Environmental aspects
Procurement

The project falls under Annex II of EIA Directive 85/337/EEC, as amended by Directives 97/11/EC and 2003/35/EC. The project has been screened in and an EIA has been carried out and approved by the competent authorities both in France and Italy. During appraisal, the Bank will review the EIA process implemented to date to confirm that it complies with the applicable EU Directives.

During appraisal, the Bank will review the procurement procedures and require that they are compliant with the applicable EU Directive 2004/18/EC.

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).

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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.

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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