TEN-T MEDIUM SIZED ITALIAN PORTS PROGRAMME LOAN

Promoter – Financial Intermediary

PUBLIC ENTITY(IES)

Location

• Italy

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)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 186 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