PORTO LIVORNO - DARSENA EUROPA (EIB-20210681)

Countries
  • Italy
Geographic location where the impacts of the investment may be experienced.
Specific Location
Livorno
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 15, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Italy - PORT SYSTEM AUTHORITY OF THE NORTHERN TYRRHENIAN SEA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 98.08 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 90
Converted using 2024-07-15 exchange rate.
Project Cost (USD)
$ 515.49 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 473
Converted using 2024-07-15 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 16, 2025

Disclosed by Bank Oct 4, 2024


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project concerns the development of a new port area by expanding the existing facilities towards the sea, including new breakwaters, land reclamation and dredging works at the Port of Livorno.

The Promoter's large investment programme aims at developing the existing port facilities to increase the capacity, improve the efficiency and enhance the maritime accessibility.

This programme includes the construction of a new breakwater and channel system to accommodate future terminals and upgrade the maritime accessibility.
EIB's financing will be focused on Phase 1 of this investment programme, which includes the new North breakwater (and an associated basin to deposit dredging spoils), the re-profile of the existing Meloria Breakwater, the new south Breakwater and the dredging of the access channel to new and the existing port areas.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

An Environmental Impact Assessment (EIA - VIA) was initiated in February 2022 and after two rounds of public consultation and integration of comments a Decision was issued on 11 March 2024 by the Ministry of Environment and Energy Security in coordination with the Ministry of Culture (Decreto DM_2024-0000081) on the basis of the positive opinion issued by the CTVIA (Commissione Tecnica di Verifica dell’impatto ambientale VIA e VAS), on 14 December 2023.

According to the Environmental Impact Assessment Report and the Decision, the main environmental impacts, can be divided in temporary impacts during the construction and permanent impacts during operation. The ones qualified as significant include impacts to:

  • Soil and subsoil: Permanent significant impacts when it comes to the modification of the current use of soil.
  • Marine Water Environment: Permanent significant impacts in the morphological evolution, solid transport, wave propagation, hydrodynamic circulation, seabed evolution and bathymetry and wave agitation.
  • Cultural Heritage: because of the probability of marine archaeological findings; mitigable with the proper archaeological supervision on site.
  • Waste: The mobile inert waste recovery plant will allow to minimize waste production and produce reusable material for the planned works.
  • Industrial accidents (positive impact): reduction of the risk of, due to the relocation of the oil moorings in the new Europa platform.
  • Economic activity (positive impact) due to increase in the Port capacity and employment generation.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Contact: Lorenzo Squintani
Email: l.squintani@eib.org
Phone: +352437982528

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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