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CDP EMILIA EARTHQUAKE RECOVERY GL

Signature(s)

Amount
€ 600,000,000
Countries
Sector(s)
Italy : € 600,000,000
Credit lines : € 600,000,000
Signature date(s)
22/05/2013 : € 600,000,000
Link to source
Data sheet
CDP EMILIA EARTHQUAKE RECOVERY GL
Other links
Summary sheet
CDP EMILIA EARTHQUAKE RECOVERY GL
Related press
Italy: EIB-CDP: EUR 600 million for Emilia-Romagna earthquake recovery

Summary sheet

Release date
20 November 2012
Status
Reference
Signed | 22/05/2013
20120474
Project name
Promoter - financial intermediary
CDP EMILIA EARTHQUAKE RECOVERY GL
CASSA DEPOSITI E PRESTITI S.p.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 600 million
Not applicable.
Location
Sector(s)
Description
Objectives

A loan to Cassa depositi e prestiti S.p.A. ("CDP") aimed at partially supporting the initiative of the Republic of Italy provided under Law no. 135 of 7th August 2012 for the reconstruction and restoration of residential and industrial buildings affected by the earthquake of May 2012 in Emilia and neighbouring provinces.

Improving access to term finance at favourable conditions, the proposed loan is fully consistent with the EU objectives. It provides the Bank’s support to eligible projects promoted by SMEs and public entities in the area affected by the earthquakes.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source
Summary sheet
CDP EMILIA EARTHQUAKE RECOVERY GL
Other links
Data sheet
CDP EMILIA EARTHQUAKE RECOVERY GL
Related press
Italy: EIB-CDP: EUR 600 million for Emilia-Romagna earthquake recovery

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).

News & Stories

Link to source
Related press
Italy: EIB-CDP: EUR 600 million for Emilia-Romagna earthquake recovery
Other links
Data sheet
CDP EMILIA EARTHQUAKE RECOVERY GL
Summary sheet
CDP EMILIA EARTHQUAKE RECOVERY GL

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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