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    Signature(s)

    Amount
    € 140,000,000
    Countries
    Sector(s)
    Portugal : € 140,000,000
    Telecom : € 140,000,000
    Signature date(s)
    14/11/2011 : € 140,000,000

    Summary sheet

    Release date
    25 May 2011
    Status
    Reference
    Signed | 14/11/2011
    20100673
    Project name
    Promoter - financial intermediary
    PT Cloud Computing & RDI

    Portugal Telecom SGPS SA

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Indicatively EUR 150 million
    Indicatively EUR 350 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the promoter’s investments in Portugal in research, development and innovation (RDI) activities, a new data centre as well as the development and roll-out of new IT Systems.

    The project’s RDI activities focus on new services, on network optimisation and infrastructure technologies, and on application platforms. The development of a new power efficient data centre is aimed to increase efficient use of IT and to enable new service solutions. The objective of the investments in IT is to implement converged and aligned systems to support the constant evolution of business, and to simplify and reduce the existing application portfolio for increased efficiency.

    Environmental aspects
    Procurement

    Data Centers and facilities for Telecommunication related RDI activities are not specifically covered by Annexes I & II of EU Directive 85/337/EEC as amended by 97/11/EC, 2003/35/EC and 2009/31/EC, and therefore not subject to mandatory Environmental Impact Assessment. Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC Directives).

    The promoter is a private company not operating in the Utilities sector. The promoter is, therefore, not covered by the EU Directives on procurement. Procurement procedures will be assessed during appraisal.

    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

    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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