| Project Detail |
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.
Additionality and Impact
The Project will improve the competitive position of maritime transport by enabling modal shift from more carbon intensive modes and enhancing interoperability between transport modes. These actions will reduce GHG emissions as well other negative transport externalities, which would otherwise be incurred by non-users, for instance from noise and local emissions. In terms of technical advice, the EIB will help to ensure that the Project will be implemented in line with the required environmental and procurement standards. EIB brings excellent financial contribution in terms of longer maturity, flexibility of drawdowns, longer availability period and the substantial crowding-in effect to the market players in this industry sector.
Objectives
The Promoters 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. EIBs 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.
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
EUR 473 million |
