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    Reference: 20220863
    Release date: 29 November 2023

    Promoter – Financial Intermediary

    REPUBBLICA ITALIANA

    Location

    Description

    The project will finance the second phase of the rehabilitation of buildings and infrastructure damaged by earthquake events that affected four Italian regions (Abruzzo, Lazio, Marche and Umbria) from August 2016 until January 2017.

    Objectives

    The rehabilitation schemes address multiple sectors: residential and non-residential private buildings, public buildings (municipal buildings, schools, etc.) and key urban infrastructure, including drinkable water, sewage, electricity and urban roads. Supported investments also include fixing landslides and other geo-hazards.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 2000 million

    Total cost (Approximate amount)

    EUR 4432 million

    Environmental aspects

    The compliance with the relevant EU Directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC, EU Birds Directive 2009/147/EC, Urban Waste Water Treatment Directive (91/271/EEC) and national legislation. Furthermore, for schemes triggering Art. 4.7 of the Water Framework Directive (WFD) 2000/60/EC, the compliance with the WFD will be verified during appraisal. For new and refurbished buildings, compliance with EU Directive 2010/31/EU on Energy Performance of Buildings will be further assessed during appraisal. The contribution to climate action (adaptation and mitigation) and environmental sustainability, where relevant, will be assessed during appraisal. The Project is expected to contribute to improving social inclusion. This will be further assessed during the appraisal, with a specific focus on the inclusion of specific groups, gender equality, the enhancement of the accessibility to specific areas as well as the enhancement of the living standards of low-income populations.

    Procurement

    The EIB will require the promoter to ensure that contracts for the project implementation will be tendered in accordance with the applicable EU procurement legislation: Directive 2014/23/EU, 2014/24/EU, 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the EU Official Journal, as and where required.

    Status

    Approved - 20/06/2024

    Milestone
    Under appraisal
    Approved
    20 June 2024

    Disclaimer

    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).

    Related tags

    Italy Urban development Composite infrastructure