CDP Framework Loan - First sub-project : Tramvia di Firenze

Promoter – Financial Intermediary

Name: Cassa Depositi e Prestiti S.p.A.
Contact: Dott.ssa A. Esposito: 06.4221.1

Location

• Italy

Description

Framework loan facility to finance various forms of investment schemes including civil works, facilities and equipment, networks for the provision and distribution of public services, and land reclamation works, promoted by owners, managers and concessionaires of public infrastructure.

• First sub-project : Tramvia di Firenze
  The project consists of the construction of three tramway lines:
• Line 1: Scandicci-Santa Maria Novella, 7.5 km length.
• Line 2: Airport-Dom-Piazza della Libertà, 7.3 km length
• Line 3: Careggi-Fortezza, 3.6 km length.
• As part of a Concession agreement, the Società Tram di Firenze will operate and maintain the above tramway lines for 30 years.

Objectives

• First sub-project : Tramvia di Firenze
• The project aims at improving the quality of the public transport system and reducing traffic congestion in the Florence metropolitan area.

Comments

The main sectors to benefit from the loan are expected to be those relating to infrastructure for water / waste water, gas and power transmission and distribution, urban transport and solid waste disposal.

Sector(s)

• Composite infrastructure

Proposed EIB finance (Approximate amount)

Of the order of EUR 600 million. Tramvia di Firenze : Up to EUR 110 million

Total cost (Approximate amount)

EIB finance will cover up to 50% of total project cost for each allocation. Tramvia di Firenze : Up to EUR 480 million

Environmental aspects

Complying with EU and national legislation on environmental protection.

Procurement

Complying with EU and national procurement procedures.

• First sub-project : Tramvia di Firenze
• Line 1 was procured by the local public authorities. Lines 2 and 3 will be procured by the Società Tram di Firenze (Concessionaire), which has been selected by the Municipality of Florence following a competitive process in line with Law 109/194. The compatibility of these procedures with the relevant EU procurement legislation will be verified during appraisal.

Status

Signed - 22/07/2005