SITAF A32 TEN-T REHABILITATION (EIB-20220148)

Countries
  • France
  • Italy
Geographic location where the impacts of the investment may be experienced.
Specific Location
Modane (FR), Bardonecchia (IT), Turin (IT)
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
Proposed
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."
Borrower
Società Italiana Traforo Autostradale del Frejus SpA
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.
Loan Amount (USD)
$ 266.71 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 EUR 250 million
Converted using 2023-03-01 exchange rate.
Project Cost (USD)
$ 533.42 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 EUR 500 million
Converted using 2023-03-01 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 9, 2023

Disclosed by Bank Mar 1, 2023

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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.

The loan will finance rehabilitation works to improve the A32 highway connecting the North-West of Italy to France (Torino-Bardonecchia) via the Frejus Tunnel.
The highway is part of the Trans-European Transport Network (TEN-T) Mediterranean Corridor.
The project is not expected to lead to any traffic capacity increase and no material interventions are foreseen to occur beyond the existing right of way.

The project comprises a set of individual components with the aim to rehabilitate the A32 highway connecting the North-West of Italy to the South-East of France via the Frejus Tunnel.
The components include various types of works, such as:
- Alignment on EU directives road related to road safety management (2008/96/EC) and minimum safety requirements for tunnels in the TEN-T(2004/54/EC) ;
- Reinforcement of bridges and viaducts structures to safeguard the assets and make them more resilient to future climate change effects;
- Pollution control and prevention.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the company's website, Società Italiana Traforo Autostradale del Frejus (SITAF) SpA is the the concessionary operating entity for the A32 Highway and the T4 Frejus Tunnel, totaling 94 km.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Società Italiana Traforo Autostradale del Frejus (SITAF) SpA Client Transport

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.

No project contacts available at the time of disclosure.

Client - Società Italiana Traforo Autostradale del Frejus (SITAF) SpA:

Address: Direzione e coordinamento ASTM S.p.A., Via San Giuliano 2, C.P. 59c, 10059 Susa (TO), Italy
Phone: +39 0122 621 621
Fax: +39 0122 622 036
Website: www.sitaf.it

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

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