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    Signature(s)

    Amount
    € 140,000,000
    Countries
    Sector(s)
    Italy : € 140,000,000
    Solid waste : € 28,000,000
    Energy : € 112,000,000
    Signature date(s)
    28/05/2019 : € 14,000,000
    28/05/2019 : € 14,000,000
    28/05/2019 : € 56,000,000
    28/05/2019 : € 56,000,000

    Summary sheet

    Release date
    9 July 2018
    Status
    Reference
    Signed | 28/05/2019
    20170301
    Project name
    Promoter - financial intermediary
    CDP CLIMATE CHANGE IP - MCI
    MEDIOCREDITO ITALIANO SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 140 million
    EUR 400 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    • Solid waste - Water supply; sewerage, waste management and remediation activities
    Description
    Objectives

    The project, an operation under the "Cassa Depositi e Prestiti (CDP) Climate Change Investment Platform (IP), is a linked unfunded partial delegation risk sharing instrument for an amount of up to EUR 140m. It will cover on a pari-passu basis, along with CDP (the Italian National Promotional Bank), up to 50% of the credit risk associated with a new portfolio of loans originated by Mediocredito Italiano (MCI) part of the Intesa SanPaolo Group.

    Such loans provided by Mediocredito Italiano will finance medium sized projects in the field of energy efficiency, renewable energy and environmental protection, in line with EU objectives. The operation also contributes to meeting Italy's renewable energy (RE) and energy efficiency (EE) objectives and will actively support the transition to a circular economy.

    Environmental aspects
    Procurement

    The project targets investments in Italy which contribute to reduce greenhouse gas emissions, environmental footprint of human activities in the rural and urban environments, including agriculture, increase resource efficiency and thus contribute to the transition to a circular economy. MCI will be required to ensure that all projects under the operation will comply with applicable national and EU legislation, as appropriate.

    MCI will be required to ensure that procurement procedures applied on all projects under the operation will comply with the relevant national legislation and EU Procurement Directives, as appropriate.

    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).

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    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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