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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.

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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 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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