Release date: 19 May 2008
Promoter – Financial Intermediary
Gruppo GrimaldiLocation
Description
The project concerns the modernisation and enlargement of the Promoter’s fleet through the acquisition of 22 new ro-ro multi-purpose cargo vessels to be be employed on Mediterranean-Northern Europe routes and Europe-West Africa routes.
Objectives
The project vessels will operate on Grimaldi’s existing Northern European routes to and from EU Mediterranean and West Africa ports contributing to the development of the internal European market, improvement of EU – third country links and to the Commission’s policy to promote short Sea Shipping. The aim of this policy is to help curb the forecasted substantial increase in road traffic and help rebalance the modal shares as well as bypass land bottlenecks.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 350 million
Total cost (Approximate amount)
Approximately EUR 1,118 million
Environmental aspects
The project is expected to have no significant environmental impact. The Bank's services will verify environmental and safety issues, such as emissions data and compliance with MARPOL standards, during the project's due diligence.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify the details during te project’s due diligence.
Status
Signed - 19/12/2008
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).