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    Reference: 20180025
    Release date: 26 June 2018

    Promoter – Financial Intermediary




    The project will finance the construction of several infrastructures along river Arno and its tributaries in the Region of Tuscany in order to reduce flood impacts


    The project will improve the quality of life of approximately 150,000 inhabitants in the region of Tuscany by reducing the impacts of floods of the river Arno and its tributaries, including the city of Florence. The wider economic benefits generated by the project consist in improving the protection of human health, the environment, cultural heritage and economic activities. Investing in flood protection and mitigation will increase the resilience of the region to natural disasters and climate change, thus contribute to long-term sustainable growth in the area.




    Proposed EIB finance (Approximate amount)

    EUR 38 million

    Total cost (Approximate amount)

    EUR 78 million

    Environmental aspects

    The investment is geared towards flood protection and mitigation measures on the river Arno bringing about positive environmental impacts. Compliance with the EU Water Framework Directive (2000/60/EC), the Floods Directive (2007/60/EC) and EU and national environmental legislation (notably under Environmental impact assessment (EIA) Directive 2014/52/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC) will be verified during appraisal.


    The Bank will require the project promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.


    Approved - 3/09/2018


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

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    Italy Industry