Release date: 28 January 2003
Promoter – Financial Intermediary
Navigazione Montanari S.p.A.Location
Description
Purchase of two new ships for the transport of ethylene gas. The ships will operate between ports of EU Member States or between ports of EU Member States and ports of Third Countries.
Objectives
To expand and modernise the promoter’s fleet.
Comments
Maritime transport of gas.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 33 million
Total cost (Approximate amount)
Approx. EUR 66 million
Environmental aspects
The new vessels are constructed in accordance with the highest standards of safety and environmental protection, as requested by the most recent European and international regulations and will be equipped and operated to minimise pollution of the sea.
Procurement
The promoter’s procurement procedures, standard for the industry, are satisfactory to EIB. EU procurement Directives are not applicable.
Status
Signed - 19/05/2003
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).