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    Reference: 20130381
    Release date: 17 September 2013

    Promoter – Financial Intermediary

    GRIMALDI COMPAGNIA DI NAVIGAZIONE SPA

    Location

    Description

    Modernisation and enlargement of the Promoter's fleet through the acquisition of 7 new multipurpose cargo vessels to be employed on (i) Mediterranean routes and (ii) Atlantic routes between North Europe - South America - West Africa.

    Objectives

    The project involves the construction of up to seven 31,300 dwt multi-purpose car/container carriers. The vessels will constructed and operated to full EU & IMO specifications and regulations. The vessel will also be constructed to the highest EU environmental standards.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 131 million

    Total cost (Approximate amount)

    EUR 324 million

    Environmental aspects

    The project involves the acquisition of cargo vessels and does not require an EIA under Annex II of the Directive 2011/92/EC. Any potential environmental issues will be investigated during the project’s appraisal.

    Procurement

    The promoter is a private company which is not operating in the utilities sector, and is thus not covered by EU Directives on procurement. The Bank will, however, review the promoter’s processes during the projects due diligence.

    Status

    Signed - 19/06/2014

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Transport