Release date: 28 December 2010
Promoter – Financial Intermediary
Milano Serravalle – Milano Tangenziali SpALocation
Description
The project aims at implementing safety investments on the Milan motorways system in Northern Italy. Safety upgrading measures will be located on some sections of the Milan west motorway ring-road (A50) and of the Milano-Serravalle motorway (A7) including the connection to the Pavia ring-road.
Objectives
Most of the project motorways are heavily trafficked. Therefore, safety enhancements are expected to lead to significant societal benefits. In addition, the proposed investments are upgrading the existing motorways to the safety standards required by the European Directives concerned as transposed in the national legislation.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
Compliance of the project (or sections of it) with EU EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, and compliance with EU Habitats Directive 92/43/EEC and EU Birds Directive 79/409/EEC will be verified at appraisal. The upgrading investments are not part of a plan or programme as defined in the SEA Directive 2001/42/EC (Valutazione Ambientale Strategica) and consequently the SEA Directive is not applicable.
Procurement
The project's compliance with applicable EU legislation will be checked, with respect in particular to the publication of tender notices in the EU Official Journal, as and where appropriate. Details of the procurement procedures and strategies will be revised during the appraisal.
Status
Signed - 26/07/2011
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).