Release date: 26 February 2015
Promoter – Financial Intermediary
FINARVEDI SPALocation
Description
Financing of part of the promoter's modernisation programme
Objectives
The project comprises investment in two of Arvedi's north Italian production sites for the modernisation and downstream extension of production processes, introduction of new products and research and development (R&D) activities in steel products.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 227 million
Environmental aspects
The project concerns modernisation investment in both plants and R&D that are expected to be carried out in existing facilities. Parts of the investment require an environmental impact assessment (EIA) and a change in the existing site-specific environmental authorisation (AIA).
Procurement
The promoter has been assessed as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.
Status
Signed - 22/05/2015
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).