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Signature(s)

Amount
€ 140,000,000
Countries
Sector(s)
Portugal : € 140,000,000
Telecom : € 140,000,000
Signature date(s)
14/11/2011 : € 140,000,000
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Summary sheet

Release date
25 May 2011
Status
Reference
Signed | 14/11/2011
20100673
Project name
Promoter - financial intermediary
PT Cloud Computing & RDI

Portugal Telecom SGPS SA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Indicatively EUR 150 million
Indicatively EUR 350 million
Location
Sector(s)
Description
Objectives

The project consists of the promoter’s investments in Portugal in research, development and innovation (RDI) activities, a new data centre as well as the development and roll-out of new IT Systems.

The project’s RDI activities focus on new services, on network optimisation and infrastructure technologies, and on application platforms. The development of a new power efficient data centre is aimed to increase efficient use of IT and to enable new service solutions. The objective of the investments in IT is to implement converged and aligned systems to support the constant evolution of business, and to simplify and reduce the existing application portfolio for increased efficiency.

Environmental aspects
Procurement

Data Centers and facilities for Telecommunication related RDI activities are not specifically covered by Annexes I & II of EU Directive 85/337/EEC as amended by 97/11/EC, 2003/35/EC and 2009/31/EC, and therefore not subject to mandatory Environmental Impact Assessment. Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC Directives).

The promoter is a private company not operating in the Utilities sector. The promoter is, therefore, not covered by the EU Directives on procurement. Procurement procedures will be assessed during appraisal.

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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 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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