Enti Locali dell'Emilia Romagna

Promoter – Financial Intermediary

CESFEL (Centro servizi finanziari dell'Emilia-Romagna)

Location

• Italy

Description

Infrastructure schemes supporting sustainable development of small to medium-sized local authorities located in the Emilia Romagna Region.

Objectives

Those investments include mostly safety and environmental enhancements in the local road network, upgrading of primary and secondary school services (school buildings), improvements of the urban environment and sustainable urban renewal.

Sector(s)

• Composite infrastructure

Proposed EIB finance (Approximate amount)

EUR 150 million.

Total cost (Approximate amount)

EUR 600 million.

Environmental aspects

The relevant European directives have been transposed into regional law and the promoters are required to follow them. The Bank will request in particular that the rules for EIA and natural reserve are strictly adhered to.

Procurement

The promoter and final beneficiaries follow European procurement procedures.

Status

Signed - 5/10/2007