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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
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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.

Related projects
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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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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.
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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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