Release date: 29 November 2012
Promoter – Financial Intermediary
ITALCEMENTI SPALocation
Description
Modernisation of an existing cement facility in Rezzato (BS). In addition the project concerns certain investments of environmental and public interest within and in the surrounding areas of the site.
Objectives
The project concerns the promoter’s investments for the renovation of the major part of an existing cement plant, located in Rezzato, in the province of Brescia in Italy. The new cement production line is expected to significantly reduce the pollutant atmospheric emissions of the site, specifically of CO2, reduce noise, and improve the energy efficiency.
Comments
N/A
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
EUR 191 million
Environmental aspects
The project, which is expected to reduce the cement plant’s atmospheric emissions and to improve its energy efficiency and CO2 specific emissions, falls under Annex II of the EIA Directive 2011/92/EC and an Environmental Impact Assessment (EIA) can be requested by the competent authority. No specific problems are expected because the project (i) is taking place in an existing plant, replacing old production equipment with a technology which is in line with Best Available Technology principles, and (ii) will be operated by an experienced producer. All environmental authorisations and relevant documents including the operational and construction permits will be reviewed during the project’s due diligence.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 28/06/2013
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).