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Signature(s)

Amount
€ 21,000,000
Countries
Sector(s)
Italy : € 21,000,000
Energy : € 5,250,000
Urban development : € 15,750,000
Signature date(s)
17/06/2021 : € 5,250,000
17/06/2021 : € 15,750,000

Summary sheet

Release date
30 October 2019
Status
Reference
Signed | 17/06/2021
20180344
Project name
Promoter - financial intermediary
SARDINIA URBAN DEVELOPMENT FUND FINANCING
BANCO DI SARDEGNA SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 21 million
EUR 85 million
Location
Sector(s)
Description
Objectives

Financing for an Urban Development Fund in the cohesion region of Sardinia (Italy) to support new investments in the area of sustainable urban development, energy efficiency and renewable energy. The loan will be provided under the Italian Urban Development Funds Programme (2015-0753).

Financing to support small to mid-sized projects in the areas of integrated urban development, energy efficiency (EE) and renewable energy (RE) in the Cohesion region of Sardinia (Italy).

Environmental aspects
Procurement

Some schemes may be subject to public procurement procedures and regulations and others may not be. In case where the EU Public Procurement Directives apply to a scheme, it will be ensured that the procurement of the related works, goods and services by the investee company is compliant with the applicable EU Directives. In case of projects where the EU Public Procurement Directives do not apply, it will be ensured that the procurement of goods and services should follow suitable procedures satisfying the criteria of economy and efficiency. Finally, in case of a project developed under a concession or a public-private partnership (PPP) scheme, it will be ensured that the procurement of the concession/PPP by the relevant public contracting authority is compliant with applicable EU regulations.

This Project intends to bring environmental benefits by supporting investments that reduce energy consumption, increase renewable energy generation and overall contribute to climate change mitigation. Compliance with the relevant EU Directives will be verified during appraisal and allocation: EU EIA Directive 2014/52/EU (amending 2011/92/EU), EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. Applicable energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during appraisal/allocation. Where Art. 4.7 of the Water Framework Directive (WFD) is triggered, compliance will be checked. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during appraisal and allocation.

Related projects
Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - SARDINIA URBAN DEVELOPMENT FUND FINANCING
Publication Date
14 Jan 2020
Document language
Main Topic
Lending
Document Number
123891941
Document Focus
Environmental Information
Project Number
20180344
Regions
Countries
Publicly available
Download now
scoreboard - ITALIAN URBAN DEVELOPMENT FUNDS PROGRAMME
Publication Date
21 Sep 2018
Document Language
English
Main Topic
lending
Document Number
86514685
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20180344
Last update
21 Sep 2018
Sector(s)
Energy, Urban development
Countries
Italy
Publicly available
Download now

General enquiries and comments

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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.
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 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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