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    Reference: 20190165
    Release date: 5 June 2019

    Promoter – Financial Intermediary

    F.LLI DE CECCO DI FILIPPO - FARA SAN MARTINO SPA

    Location

    Description

    The project comprises investments by the promoter to expand the production capacity and to finance research, development and innovation (RDI) activities over the 2019-2022 period.

    Objectives

    The investment will contribute to improve the promoter's competitiveness by increasing the capacity and energy/resource efficiency of their production process. The project includes also RDI activities to develop healthier and more sustainable products. The project will also create new employment and help secure existing employment and, therefore, contribute to agriculture/bioeconomy in a cohesion European region.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 45 million

    Total cost (Approximate amount)

    EUR 93 million

    Environmental aspects

    The project's compliance with all applicable national and EU environmental legislation will be verified during the appraisal. Environmental impact studies or Appropriate assessments will be carried out as applicable and mitigating and/or compensation measures applied as necessary.

    Procurement

    The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU procurement rules.

    Status

    Signed - 25/10/2019

    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