Release date: 28 September 2015
Promoter – Financial Intermediary
TELECOM ITALIA SPALocation
Description
Financing the accelerated investment plan of Telecom Italia for next generation networks.
Objectives
The project concerns the rollout of a new broadband access network (combined fibre and copper solutions) in order to provide ultra-high-speed broadband services in Italy. In total it is planned to increase the network reach by about 7m households and to increase the population coverage by 32% to 60% of all Italian households. About 30% of the investment will be dedicated to the Mezzogiorno region.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1808 million
Environmental aspects
Investments in fixed telecommunications projects (mainly civil works for urban underground copper/fibre roll-out) do not fall under Annex I or II of Directive 2011/92/EU. The related works typically have limited residual environmental effects as they are mainly carried out in urban areas alongside roads.
Full environmental details will be assessed during appraisal, including the possible impact on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC).
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project's due diligence.
Status
Signed - 14/12/2015