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    Reference: 20140677
    Release date: 26 February 2015

    Promoter – Financial Intermediary

    FINARVEDI SPA

    Location

    Description

    Financing of part of the promoter's modernisation programme

    Objectives

    The project comprises investment in two of Arvedi's north Italian production sites for the modernisation and downstream extension of production processes, introduction of new products and research and development (R&D) activities in steel products.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 227 million

    Environmental aspects

    The project concerns modernisation investment in both plants and R&D that are expected to be carried out in existing facilities. Parts of the investment require an environmental impact assessment (EIA) and a change in the existing site-specific environmental authorisation (AIA).

    Procurement

    The promoter has been assessed as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

    Status

    Signed - 22/05/2015

    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 Industry