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    Reference: 20150563
    Release date: 20 November 2015

    Promoter – Financial Intermediary

    GRIMALDI GROUP SPA

    Location

    Description

    Modernisation and enlargement of Grimaldi Euromed SpA fleet through the acquisition of 10 new Pure Car/truck carrier vessels which are to be employed on their Europe-North-America route

    Objectives

    By improving the environmental performance of Grimaldi Euromed SpA fleet, the project will contribute to the development of a sustainable transport system for short and long-distance freight cargo.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 501 million

    Environmental aspects

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

    Procurement

    The promoter is a private company 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 project's due diligence.

    Status

    Signed - 24/11/2016

    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