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    Summary sheet

    Release date
    13 April 2022
    Approved | 18/05/2022
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 340 million
    EUR 681 million
    • Services - Public administration and defence; compulsory social security

    The project consists of an investment loan targeting several dual-use investments promoted by the Italian Ministry of Defence to improve effectiveness for disaster prevention, environmental protection, hydrographic research capabilities and to increase performance, safety and security of the military airspace that is also opened to civilian flights.

    The project includes a selection of dual-use investments promoted by the Italian Ministry of Defence and managed and operated by the Italian Armed Forces (FFAA, Forze Armate Italiane) that are aligned with the principles set in the Bank's "Protect, Secure, Defend: European Security Initiative" and deployed or implemented throughout the country. In particular, the project includes the following components: renovation of the Light Utility Helicopter (LUH) fleet, acquisition of a new fleet of Unmanned Aerial Vehicles (UAVs) and Smart Tech and Upgrade of Air Traffic Management (ATM) and Meteorological equipment.

    Environmental aspects

    The project comprises a number of components that are expected to be outside of the scope of the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Nevertheless, all environmental aspects, including compliance with the EIA directives, potential negative impacts on areas forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC) or alignment with the Energy Performance for Buildings Directive, in the case of the New Data Center, will be assessed at appraisal. The project will have a positive overall environmental impact, since the assets to be purchased will improve the Italian State capabilities of intervention effectiveness for disaster prevention, environmental protection and weather forecasting nation-wide.

    The Bank will require the promoter to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.


    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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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    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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