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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    Italy : € 40,000,000
    Industry : € 4,004,000
    Energy : € 9,200,000
    Urban development : € 26,796,000
    Signature date(s)
    20/07/2018 : € 4,004,000
    20/07/2018 : € 9,200,000
    20/07/2018 : € 26,796,000

    Summary sheet

    Release date
    4 April 2018
    Status
    Reference
    Signed | 20/07/2018
    20170827
    Project name
    Promoter - financial intermediary
    FIERA MILANO EXHIBITION CENTRE
    ENTE AUTONOMO FIERA INTERNAZIONALE DI MILANO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million
    EUR 92 million
    Location
    Sector(s)
    Description
    Objectives

    The operation concerns the financing of the 2018-2020 investment programme of the promoter, Fondazione Fiera Milano, to upgrade and improve the existing buildings and infrastructure of the Milan trade fair and exhibition centre.

    The Milan trade fair and exhibition centre is an important contributor to the economic growth of the city of Milan, which is at the hearth of the most dynamic area in the Italian economy. The refurbishment and expansion foreseen in the promoter's investment programme will increase the efficiency and the competitiveness of the Milan trade fair and its capacity to attract visitors. This, in turn, will generate positive externalities for exhibitors - particularly small and medium-sized enterprises (SMEs) - and other economic activities that provide services to tourists, such as, among others, restaurants, hotels and museums, in terms of increased activity and employment generation. The Milan trade fair is also an important agent for change and urban renewal of the city of Milan and the expansion and refurbishment of its infrastructure will be in line with the city's strategic policy objectives concerning urban development.

    Environmental aspects
    Procurement

    The project's environmental impacts will be carefully assessed during the appraisal. However, since the investments will be implemented in already urbanised areas through the refurbishment and expansion of existing buildings, no major negative impacts on natural environment, including protected areas, are expected. By contrast, the project is expected to generate positive externalities, in particular through reduced energy consumption, a more efficient heating and cooling system and renewable energy generation. This is expected to entail a positive contribution to climate action. The compliance of the different components of the project concerning new and refurbished buildings with the EU Directive on Energy Performance of Buildings will be assessed during the appraisal.

    The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (Directive 2014/23/EU, 2014/24/EU or 2004/18/EC where applicable), then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/23/EU, 2014/24/EU or 2004/18/EC, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Comments

    n/a

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - FIERA MILANO EXHIBITION CENTRE
    Publication Date
    13 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    82507442
    Document Focus
    Environmental Information
    Project Number
    20170827
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - FIERA MILANO EXHIBITION CENTRE
    Publication Date
    21 Sep 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    86779204
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170827
    Last update
    21 Sep 2018
    Sector(s)
    Energy, Industry, Urban development
    Countries
    Italy
    Publicly available
    Download now

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