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Jessica Sardegna – Joint European Support for Sustainable Investment in City Areas

Italia | Sardegna | Cagliari

Sinloc SpA

Group Company

Imprese ed Enti Locali della Sardegna

Benificiary

19 luglio 2012

Start Date

31 dicembre 2016

End Date

Concluso

Project Status
Instrument
Fund Management
Sector
Networks and Public Utilities
Urban regeneration
Energy transition
Segment
Investors and Financial institutions
Assistenza tecnica
Technical assistance to Banco di Sardegna, banking partner of the EIB Jessica Sardegna Fund, in the structuring phase of local development initiatives, starting from the scouting phase in the territory. 11 counterparties belonging to the business world and local authorities in the fields of local public transport, urban regeneration and networks and utilities were financed. Total activated investments equal to 110 Mln€.

Requirements

JESSICA (Joint European Support for Sustainable Investment in City Areas) is a European Commission initiative implemented in cooperation with the EIB and the Council of Europe Development Bank. JESSICA is a revolving fund aimed at making better use of structural funds and attracting additional resources from private and/or public investors in the investment process. In Sardinia, the endowment amounted to approximately EUR 40m to be allocated to investments in urban regeneration projects.

Features

Scouting and structuring of initiatives activities of economic financial analysis, procedural verification and program management. focus has been given to identifying the risks present on the project and allocating them to the counterparty that best manages them. Among the needs of the project we highlight the structuring of liabilities that also saw the involvement of primary banking partners different from the Banco di Sardegna.

Results

In five years, EUR 38 million of resources have been disbursed, activating EUR 110 million of investments in the area. A cruise terminal, three gas networks, the redevelopment of a small commercial space, the construction of a social-health facility for people with disabilities, the redevelopment of a sports hall, the construction of some multi-purpose sports areas in some city districts, the redevelopment of a civic market, the redevelopment of a swimming pool, the redevelopment of a civic building, and the purchase of some state-of-the-art trolleybuses were financed.

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