Release date: 1 March 2023
Promoter – Financial IntermediarySOCIETA ITALIANA TRAFORO AUTOSTRADALE DEL FREJUS SPA
The loan will finance rehabilitation works to improve the A32 highway connecting the North-West of Italy to France (Torino-Bardonecchia) via the Frejus Tunnel. The highway is part of the Trans-European Transport Network (TEN-T) Mediterranean Corridor. The project is not expected to lead to any traffic capacity increase and no material interventions are foreseen to occur beyond the existing right of way.
The project comprises a set of individual components with the aim to rehabilitate the A32 highway connecting the North-West of Italy to the South-East of France via the Frejus Tunnel. The components include various types of works, such as: - Alignment on EU directives road related to road safety management (2008/96/EC) and minimum safety requirements for tunnels in the TEN-T(2004/54/EC) ; - Reinforcement of bridges and viaducts structures to safeguard the assets and make them more resilient to future climate change effects; - Pollution control and prevention.
null\r\n\r\n* This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence
- Transport - Transportation and storage
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 260 million
Total cost (Approximate amount)
EUR 558 million
The pomoter is a private entity and therefore, in principle, not being subject to EU rules on public procurement or concessions. However, if during project appraisal the EIB were to conclude that the Promoter is subject to the EU public procurement legislation, then the Bank would require the Promoter to apply those rules.
The Project involves multiple components generally expected to be performed within existing rights of way; therefore negative environmental impacts are likely to be minor and temporary. The schemes are likely to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended by Directive 2014/52/EU, and therefore be subject to screening. Given the nature of the proposed works, it is unlikely that any of the individual investments will require an EIA which will be verified during the appraisal of the project.
Under appraisal - 20/12/2022
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).