Release date: 10 July 2013
Promoter – Financial Intermediary
PRYSMIAN SPALocation
Description
The project concerns research & development activities related to the manufacturing of energy efficient electricity and telecommunications cabling systems.
Objectives
The project concerns research and development activities related to the manufacturing of energy efficient high voltage electricity transmission and telecommunications cabling systems.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
The project concerns investments in research and development, which will be carried out in existing facilities, already authorized. These are not expected to change their scope due to the project. An Environmental Impact Assessment (EIA) would thus not be required, as per EIA Directive 2011/92/EU. However, full environmental details will be assessed by the Bank’s services during the appraisal.
Procurement
The promoter is a private company operating in the manufacturing sector and not having a status of a contracting authority. Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 18/12/2013
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).