Release date: 15 December 2016
Promoter – Financial Intermediary
Mer Mec S.p.A.Location
Description
The project concerns the investment programme of an innovative mid-cap company in the field of rail diagnostics and signalling systems in order to strengthen its competitive market position and support worldwide growth.
Objectives
The project activities aim to develop innovative products and services for the rail sector, improving safety, availability, lifetime and efficiency of rail transportation. It thus contributes indirectly to the environment and to society due to its positive impact on sustainable transportation in Europe and worldwide.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 73 million
Environmental aspects
All project activities are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU, as amended. Nevertheless, the Bank's services will review during the project appraisal whether any of the investments requires an EIA, as well as any other environmental details of the project.
Procurement
The promoter has been assessed by the EIB 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 - 16/06/2017
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).