Release date: 18 March 2005
Promoter – Financial Intermediary
Mediocredito Trentino Alto Adige S.p.A., a main medium-and long-term credit institution operating in the Region of Trentino-Alto Adige (North-East Italy).
Contact: Dott. Sergio Fedrizzi
Via Paradisi, 1
I-38100 Trento
Location
Description
Global loan facility to finance, throughtout Italy, projects of SMEs (with less than 250 employees) in industry, services and tourism as well as eligible small and medium-sized investments in energy, environmental protection, human capital and i2i sectors.
At least 70% will be utilised in favour of SMEs.
Objectives
To sustain mainly projects aiming to reinforce the productivity and competitiveness of SMEs as well as other investments compliant with the EU eligibility criteria.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EIB finance will cover up to 50% of total project cost for each allocation.
Environmental aspects
Complying with EU and national legislation on environmental protection.
Procurement
Complying with EU procurement procedures. For large investments the Bank recommends that international bidding procedures be followed whenever possible, even if EU directives do not apply.
Status
Signed - 28/11/2005