This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
TEN-T MEDIUM SIZED ITALIAN PORTS PROGRAMME LOAN (EIB-20140171)

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.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Disclosed by Bank Sep 8, 2014


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Project Description
LOCATION Italy DESCRIPTION Framework Loan for funding a range of capex investments for Italian medium-sized ports. OBJECTIVES All the sub-projects will be implemented in ports which are part of core or comprehensive TEN-T networks. Additionally, the majority of the investments will contribute to the Motorways of the Sea initiative, contributing to sustainable transport objectives. ENVIRONMENTAL ASPECTS The project is an Investment Programme, therefore the need for an Environmental Impact Assessment (EIA) and any potential significant impact on Natura 2000 areas may vary between sub-projects and will be assessed on a case-by-case basis. The compliance of each sub-project with the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, EIA Directive 2011/92/EC, the Habitats Directive 92/43/ECC and the Birds Directive 79/409/EEC, including the status of any environmental studies and public consultation, mitigation/compensation measures, environmental monitoring plans and biodiversity assessment requirements will be verified during appraisal. PROCUREMENT The promoter and beneficiaries are subject to public procurement rules according to EU and national regulations. Therefore, the Bank will require the promoter and beneficiaries to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC), with publication of tender notices in the EU Official Journal, as and where required.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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