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Signature(s)

Amount
€ 90,000,000
Countries
Sector(s)
Italy : € 90,000,000
Transport : € 90,000,000
Signature date(s)
15/07/2024 : € 90,000,000
Link to source

Summary sheet

Release date
4 October 2024
Status
Reference
Signed | 15/07/2024
20210681
Project name
Promoter - financial intermediary
PORTO LIVORNO - DARSENA EUROPA
AUTORITA DI SISTEMA PORTUALE DEL MAR TIRRENO SETTENTRIONALE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 90 million
EUR 473 million
Location
Sector(s)
Description
Objectives

The project concerns the development of a new port area by expanding the existing facilities towards the sea, including new breakwaters, land reclamation and dredging works at the Port of Livorno.

The Promoter's large investment programme aims at developing the existing port facilities to increase the capacity, improve the efficiency and enhance the maritime accessibility. This programme includes the construction of a new breakwater and channel system to accommodate future terminals and upgrade the maritime accessibility. EIB's financing will be focused on Phase 1 of this investment programme, which includes the new North breakwater (and an associated basin to deposit dredging spoils), the re-profile of the existing Meloria Breakwater, the new south Breakwater and the dredging of the access channel to new and the existing port areas.

Additionality and Impact

The Project will improve the competitive position of maritime transport by enabling modal shift from more carbon intensive modes and enhancing interoperability between transport modes. These actions will reduce GHG emissions as well other negative transport externalities, which would otherwise be incurred by non-users, for instance from noise and local emissions. In terms of technical advice, the EIB will help to ensure that the Project will be implemented in line with the required environmental and procurement standards. EIB brings excellent financial contribution in terms of longer maturity, flexibility of drawdowns, longer availability period and the substantial crowding-in effect to the market players in this industry sector.

Environmental aspects
Procurement

Compliance with the Strategic Environmental Assessment (SEA) 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), the Habitats Directive 92/43/EEC, the Birds Directive 2009/147/EC, the Water Framework Directive 2000/60/EC, as well as biodiversity assessment requirements, climate change adaptation and mitigation issues, mitigation/compensation measures and environmental and social monitoring plans, will be assessed in detail during appraisal for each project component.

The promoter shall ensure that contracts for implementation of the Project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Approved
Signed
18 June 2024
15 July 2024
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).

Documents

Environmental and Social Data Sheet (ESDS) - PORTO LIVORNO - DARSENA EUROPA
Publication Date
20 Nov 2024
Document language
Main Topic
Lending
Document Number
213100522
Document Focus
Environmental Information
Project Number
20210681
Sector(s)
Regions
Countries
Publicly available
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