Release date: 28 April 2010
Promoter – Financial Intermediary
The Promoter is a public-private multi-utility which operates in the electricity, gas, district heating, solid waste and water sectors in the North of Italy.
Location
Description
The proposed project includes the Promoter’s 2010-2014 investment plan in the extension and upgrading of its gas and electricity distribution networks in Milan and Brescia.
Objectives
The project will enable the Promoter to cater for demand growth and changes in load concentrations to connect new system users and to comply with the service quality standards set by the regulator.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
Up to EUR 430 million.
Environmental aspects
By their technical characteristics some of the individual programmed schemes are expected to fall under Annex II of the EIA Directive 85/337/EC and its amendments and it will be up to the competent authority to decide whether an EIA is required or not. The schemes are located in urban or industrial areas, mostly in new commercial and industrial zones, and are hence unlikely to impact nature conservation sites.
Procurement
The promoter confirmed that the investments under the programme are subject to the public procurement provisions defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sector. As such, advertisements in the Official Journal of the EU are required as specified by the directive.
Status
Signed - 4/08/2010
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).