Release date: 9 September 2020
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S),PUBLIC ENTITY(IES)Location
Description
Programme Loan aiming to co-finance investments for sustainable urban public transport in small to medium Italian cities, promoted by municipalities and transport operators and targeting clean vehicles with the associated infrastructure and mass transit schemes.
Objectives
Investments financed under the Programme Loan are expected to improve the quality of public transport services and consequently reduce reliance on private cars and maintain or increase the public transport share of the urban mobility market. As such, they are likely to contribute to the reduction of transport environmental externalities in terms of air and noise pollution, safety and global warming. The project is therefore expected to contribute to sustainable transport and climate change mitigation.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 900 million
Environmental aspects
The manufacturing of rolling stock and the instalment of the associated charging infrastructure inside existing depots do not fall within the scope of the Directive 2014/52/EU, amending the EIA Directive 2011/92/EU. Therefore, no environmental impact assessment (EIA) will be required for this type of schemes. However, during the appraisal of each sub-operation, the Bank's services will assess if the Seveso Directive (2012/18/EU) may be applicable, depending on the type of alternative fuel and its storage. In case the project's scope should include infrastructure components, including depots, for mass transit schemes, such as metro, trams and trolleybuses, the Bank's services will assess during the appraisal of each sub-operation their compliance with the requirements of Directive 2014/52/EU, amending the EIA Directive 2011/92/EU, since such type of works fall under Annex II of this Directive. In addition, during the appraisal of each sub-operation, the Bank's services will assess the project's impacts in relation to the provisions of the Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively) and, when applicable, the project's compliance with the SEA Directive 2001/42/EC. Finally, in case of fleet renewals, the Bank's services will assess promoters' arrangements for the scrapping of dismissed rolling stock.
Procurement
The Bank will require the promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, depending on the nature of promoters and the type of schemes to be financed under the Programme Loan: Directives 2014/24/EU and 2014/25/EU, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Approved - 11/11/2020
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).