Release date: 26 February 2014
Promoter – Financial Intermediary
Leading provider of multi-utility services in the Autonomous Province of Bolzano.Location
Description
Investments to upgrade and expand the Promoter's electricity distribution network in the Autonomous Province of Bolzano (Sudtirol) and to extend the district heating network of the city of Bolzano.
Objectives
The project will enable the Promoter to expand the electricity and district heating networks, reduce losses, and improve the quality and the reliability of supply.
Comments
n/a
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 153 million
Environmental aspects
Current information suggests that the project components will fall under Annex II of the Environmental Impact Assessment Directive (2011/92/EC), requiring the competent authority to determine the need for an EIA in line with the Directive. Environmental impacts are generally expected to be low and mostly limited to the construction phase. This will be further assessed during appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 26/09/2014
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).