LAZIO UMBRIA MARCHE EARTHQUAKE RECOVERY (EIB-20160810)

Countries
  • Italy
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 30, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
REPUBBLICA ITALIANA
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1,142.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 1000 million
Converted using 2017-06-30 exchange rate.
Loan Amount (USD)
$ 1,142.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 1000 million
Converted using 2017-06-30 exchange rate.
Project Cost (USD)
$ 8,108.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 7096 million
Converted using 2017-06-30 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 13, 2018

Disclosed by Bank Apr 19, 2017


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Project Description

According to EIB website, the loan will partially support the reconstruction and restoration of private residential and mixed use buildings, industrial infrastructure and public buildings providing for education, legal and administrative services, affected by the earthquakes of August and October 2016 in the Lazio, Marche, Umbria and Abruzzo regions. 

The project will have wider economic benefits generated by the restoration of suitable livelihood, business conditions and public services that were hampered by the 2016 earthquakes and, where justified, upgrade the seismic resilience of rehabilitated or reconstructed buildings so as to reduce the risk of damages from future events of similar magnitude. Longer term measures, including seismic risk mapping and disaster preparedness studies, may be carried out within the framework of relevant international coordination bodies and will comply with the requirements of the national and EU regulatory framework. In addition, the rehabilitation, renovation and reconstruction of residential and business buildings will result in energy efficient improvements and increased use of renewable resources.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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