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    Reference: 20140171
    Release date: 8 September 2014

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    Framework Loan for funding a range of capex investments for Italian medium-sized ports.

    Objectives

    All the sub-projects will be implemented in ports which are part of core or comprehensive TEN-T networks. Additionally, the majority of the investments will contribute to the Motorways of the Sea initiative, contributing to sustainable transport objectives.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1120 million

    Environmental aspects

    The project is an Investment Programme, therefore the need for an Environmental Impact Assessment (EIA) and any potential significant impact on Natura 2000 areas may vary between sub-projects and will be assessed on a case-by-case basis. The compliance of each sub-project with the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, EIA Directive 2011/92/EC, the Habitats Directive 92/43/ECC and the Birds Directive 79/409/EEC, including the status of any environmental studies and public consultation, mitigation/compensation measures, environmental monitoring plans and biodiversity assessment requirements will be verified during appraisal.

    Procurement

    The promoter and beneficiaries are subject to public procurement rules according to EU and national regulations. Therefore, the Bank will require the promoter and beneficiaries to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC), with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Approved - 16/12/2014

    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