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        ALPITOUR VILLAGE SICILIA

        Signature(s)

        Amount
        € 20,000,000
        Countries
        Sector(s)
        Italy : € 20,000,000
        Services : € 20,000,000
        Signature date(s)
        18/06/2004 : € 10,000,000
        18/06/2004 : € 10,000,000

        Summary sheet

        Release date
        29 July 2003
        Status
        Reference
        Signed | 18/06/2004
        20030156
        Project name
        Alpitour Village Sicily
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 37 million
        EUR 45 million approx.
        Location
        Sector(s)
        Description
        Objectives

        The project consists in the development and operation of a new beach resort.

        The project should increase the capacity and quality of tourism facilities, strengthen the region as a holiday destination for international tourists and domestic clients. The promotion of tourism will create direct employment in the service sector and indirect economic spill-over effects in this assisted area of the South of Italy.

        Environmental aspects
        Procurement

        The project falls under Annex II of the Directive 97/11/EEC on Environmental Impact Assessment. An Environmental Impact Study has been prepared accordingly. The conclusions of this Study on the major environmental factors and relevant mitigating measures will be verified during appraisal.

        Procurement will follow procedures usually applied in the private sector projects and satisfactory to the EIB.

        Comments

        Hotels and restauration.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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