Release date: 29 July 2003
Location
Description
The project consists in the development and operation of a new beach resort.
Objectives
The project should increase the capacity and quality of tourism facilities, strengthen the region as a holiday destination for international tourists and domestic clients. The promotion of tourism will create direct employment in the service sector and indirect economic spill-over effects in this assisted area of the South of Italy.
Comments
Hotels and restauration.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 37 million
Total cost (Approximate amount)
EUR 45 million approx.
Environmental aspects
The project falls under Annex II of the Directive 97/11/EEC on Environmental Impact Assessment. An Environmental Impact Study has been prepared accordingly. The conclusions of this Study on the major environmental factors and relevant mitigating measures will be verified during appraisal.
Procurement
Procurement will follow procedures usually applied in the private sector projects and satisfactory to the EIB.
Status
Signed - 18/06/2004
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).