SARDINIA URBAN DEVELOPMENT FUND FINANCING

Promoter – Financial Intermediary

BANCO DI SARDEGNA SPA

Location

• Italy

Description

Financing for an Urban Development Fund in the cohesion region of Sardinia (Italy) to support new investments in the area of sustainable urban development, energy efficiency and renewable energy. The loan will be provided under the Italian Urban Development Funds Programme (2015-0753).

Objectives

Financing to support small to mid-sized projects in the areas of integrated urban development, energy efficiency (EE) and renewable energy (RE) in the Cohesion region of Sardinia (Italy).

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply
• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 21 million

Total cost (Approximate amount)

EUR 85 million

Environmental aspects

Some schemes may be subject to public procurement procedures and regulations and others may not be. In case where the EU Public Procurement Directives apply to a scheme, it will be ensured that the procurement of the related works, goods and services by the investee company is compliant with the applicable EU Directives. In case of projects where the EU Public Procurement Directives do not apply, it will be ensured that the procurement of goods and services should follow suitable procedures satisfying the criteria of economy and efficiency. Finally, in case of a project developed under a concession or a public-private partnership (PPP) scheme, it will be ensured that the procurement of the concession/PPP by the relevant public contracting authority is compliant with applicable EU regulations.

Procurement

This Project intends to bring environmental benefits by supporting investments that reduce energy consumption, increase renewable energy generation and overall contribute to climate change mitigation. Compliance with the relevant EU Directives will be verified during appraisal and allocation: EU EIA Directive 2014/52/EU (amending 2011/92/EU), EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. Applicable energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during appraisal/allocation. Where Art. 4.7 of the Water Framework Directive (WFD) is triggered, compliance will be checked. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during appraisal and allocation.

Status

Signed - 17/06/2021