Release date: 18 May 2002
Promoter – Financial Intermediary
Banca Popolare di Milano
Contact: Dott. L. Mauri
ph: 02/7700.2351
Location
Description
Multipurpose global loan facility to finance, throughout Italy, projects of SMEs in industry, services and tourism; public and private promoters with respect to small and medium-sized projects in infrastructure, energy, health, education and international competitiveness.
Objectives
To sustain projects aiming to increase the productivity and competitiveness of small and medium-sized enterprises; to promote investments leading to a more rational use of energy and reduction of pollution; to promote small and medium-sized infrastructure investments of regional or European Union interest.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 120 mio
Total cost (Approximate amount)
EIB finance will cover up to 50% of total project cost for each allocation.
Environmental aspects
Contractual documentation complies with the Bank's rules on site inspection and environmental considerations.
Procurement
Projects presented under the loan comply with EU procurement procedures. For large investments the Bank recommends that international bidding procedures be followed whenever possible, even if EU directives do not apply.
Status
Signed - 29/07/2004