Release date: 16 September 2010
Promoter – Financial Intermediary
Provincia di Milano
Location
Description
The main responsibilities of the Italian provinces include vocational training, environmental protection, local transport, secondary schools and road rehabilitation. The multi-annual investment plan comprises schemes in all of these areas. The scope of the proposed operation will be limited to the eligible schemes, primarily in sustainable transport and education.
Objectives
The project will support the implementation of the multi-annual investment plan of the Province of Milan, which identified priority investment for the development of the Province in line with its scope of responsibilities.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
Up to EUR 320 million.
Environmental aspects
The project is a multi-sector multi-scheme operation classified as a Framework Loan. Some of the schemes may eventually fall under Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, or may have an impact on an area forming part of the Natura 2000 network. It will be required that all the schemes are implemented in compliance with EU environmental legislation.
Procurement
The promoter as a public administration entity is required to follow the EU public procurement rules (2004/18/EC), including the publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation and in line with the general rules and principles of the Treaty on the Functioning of the European Union.
Status
Signed - 24/02/2011
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).