REGIONE CALABRIA REGIONAL DEVELOPMENT & COHESION (EIB-20240576)

Countries
  • Italy
Geographic location where the impacts of the investment may be experienced.
Specific Location
Region of Calabria
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
Jan 29, 2025
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
Region of Calabria
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Energy
  • Infrastructure
  • Law and Government
  • Transport
  • Water and Sanitation
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)
$ 155.33 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 149
Converted using 2025-01-29 exchange rate.
Project Cost (USD)
$ 1,426.10 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 1368
Converted using 2025-01-29 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 25, 2025

Disclosed by Bank Nov 25, 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, this Structural Programme Loan (SPL) will finance the budget share of Regione Calabria's priority investments under the 2021-2027 regional development programme funded by the European Regional Development Fund (ERDF) and European Social Fund+ (ESF+), as well as the 2014-2020 regional complementary programme (Piano di Azione e Coesione - PAC) funded by national resources.

The operation supports the co-financing obligations of Regione Calabria to implement multisector investments under the 2021-2027 Regional Development programme funded by ERDF and ESF+, as well as 2023-2026 investments under the PAC 2014-2020 programme, the national-funded programme complementing investments funded by the European Structural and Investment Funds (ESIF) under the 2014-2020 programming period.

The investment is plan-led and contributes to the policy objectives of the 2021-2027 EU Cohesion policy, particularly greener Europe, more connected Europe, more Social Europe and Europe closer to citizens.

Investments address multiple sectors, particularly urban, regional and rural development; education and training; transport, sustainable water, biodiversity protection, waste management and renewable energy.

Calabria is a less developed region and accordingly an EIB Cohesion Priority Region. The project fosters a balanced socio-economic and territorial development of the region, in line with the Territorial Agenda 2030.

PROCUREMENT

The EIB will require the promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU / 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 EU Official Journal, as and where required.

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.

The promoter will be required to act in compliance with relevant EU environmental legislation, mainly SEA Directive (2001/42/EC), EIA Directive (2011/92/EU, as amended by 2014/52/EU), Habitats (92/43/EEC) and Birds (2009/147/EC) Directives, Water Framework Directive (WFD) 2000/60/EC and the Urban Wastewater Council Directive 91/271/EEC, and national legislation.
For schemes concerning new construction or refurbishment of buildings, the requirements of the applicable legislation with regards to the Energy performance of buildings). will be verified.
3.10. Social aspects
Projects will be appraised and monitored in line with the EIB's policies, including the Environmental and Social Sustainability Framework. Compliance of supported investments with gender equality, non-discrimination and accessibility principles is confirmed in the 2021-2027 partnership agreement with Italy (CCI 2021IT16FFPA001).
The operation is expected to deliver positive social impact as it contributes to the policy objectives of the 2021-2027 EU cohesion policy. Foreseen investments include infrastructure for social inclusion. If solar project were proposed for the EIB loan allocation, given that China largely dominates the market of photovoltaic solar panels, and media reports that supply chain of these products could involve forced labour, the Bank will apply an enhanced due diligence on the topic, in line with the EIB's Environmental & Social Standards.

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.

No contacts available at the time of disclosure.

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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