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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Italy : € 60,000,000
    Transport : € 60,000,000
    Signature date(s)
    29/10/2019 : € 60,000,000

    Summary sheet

    Release date
    12 February 2020
    Status
    Reference
    Signed | 29/10/2019
    20190015
    Project name
    Promoter - financial intermediary
    VENICE CLEAN URBAN TRANSPORT FLEET RENEWAL
    AZIENDA VENEZIANA DELLA MOBILITA SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 60 million
    EUR 146 million
    Location
    Sector(s)
    Description
    Objectives

    The project includes the replacement of 253 old buses with 208 new ones, including 30 electric buses and associated infrastructure as well as the acquisition of 27 new vessels and retrofitting of 15 existing vessels to a hybrid diesel-electric propulsion and replacement of floating berths (45 new pontoons and 91 new footbridges). These investments will be complemented by the upgrading and integration of the ticketing system. The investment plan aims to improve the operational resilience of the public transport fleet, maintain public transport share and reduce emissions by gradually transitioning towards less polluting alternatives.

    The project aims to have a positive environmental impact by contributing to the reduction of greenhouse gas emissions particularly through the replacement of the most pollutant parts of the public transport fleet with alternative and clean fuels. In addition, the project is expected to maintain and/or increase public transport mode share in Venice through gradual replacement of the old fleet. The project therefore contributes to sustainable transport and climate change mitigation, in line with the EIB's Transport Lending Policy and the EU's and EIB's objectives on Climate Action.

    Environmental aspects
    Procurement

    Fleet renewal together with electric charging infrastructure for buses and investment in associated infrastructure and equipment for inland navigation are not specifically mentioned in the EIA Directive 2011/92/EU amended by Directive 2014/52/EU. These works could be classified under Annex II; therefore, it is up to the competent authority in the Member State to determine whether or not the project is required to develop an environmental impact assessment. This will be further investigated at appraisal stage and, where required, the opinion of the competent authority will be requested. In addition, the applicability of the Water Framework Directive will also be assessed.

    AVM Holding is a public company operating passengers transport by bus, inland waterways and tram in Venice. Its capability to implement the project will be further reviewed during appraisal. The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU) with publication of tender notices in the Official Journal of the EU, 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) - VENICE CLEAN URBAN TRANSPORT FLEET RENEWAL
    Publication Date
    11 Mar 2020
    Document language
    Main Topic
    Lending
    Document Number
    93812663
    Document Focus
    Environmental Information
    Project Number
    20190015
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - VENICE CLEAN URBAN TRANSPORT FLEET RENEWAL
    Publication Date
    19 Nov 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    124611809
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20190015
    Last update
    18 Feb 2021
    Sector(s)
    Transport
    Countries
    Italy
    Publicly available
    Download now

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