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AMBIENTE URBANO FIRENZE V

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Italy : € 100,000,000
Urban development : € 100,000,000
Signature date(s)
26/11/2008 : € 100,000,000
Link to source

Summary sheet

Release date
25 September 2008
Status
Reference
Signed | 26/11/2008
20080124
Project name
Promoter - financial intermediary
Ambiente Urbano Firenze V

Comune di Firenze

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
EUR 200 million.
Location
Sector(s)
Description
Objectives

The project concerns the financing of different investment schemes in the City of Firenze, included in the three-year Investment Program 2008-2010.  The investments mainly cover the fields of transport, streets rehabilitation, health and education, cultural and historical heritage and public buildings rehabilitation. 

The improvement of basic infrastructures and the creation of a modern public transportation system (such as the tramway) is a condition for the city’s continuing sustainable social and economic development, whilst simultaneously improving the quality of life, upgrading the urban environment and valorising the existing resources.

Environmental aspects
Procurement

The Bank’s appraisal will focus on the promoter’s environmental management capacity and on the verification of the respect of EU Directives both for the global programme and for each of the selected road schemes, including undertaking of SEA/EIAs, and assessment of the application of Habitat and Bird Directive where appropriate.

The Promoter is subject to EU regulations (EU Directives 2004/18/EC and 2004/17/EC). Tenders have been/will be organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for projects above thresholds. Application of EU procedures by the local authorities for the tender of services, supplies and civil works will be reviewed by the Bank’s services during appraisal.

Link to source

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).

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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.

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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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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