| Project Detail |
The project concerns the promoters investments in Research, Development and Innovation (RDI) in the field of rail diagnostics, signalling systems and asset management. The activities will be carried out in Italy over the period between 2023 and 2025.
Additionality and Impact
The Project contributes to further developing the Promoters knowledge and expertise in the field of technologies that support the rail industry in its need for maintaining railway assets and increasing their reliability, safety, and efficiency. The Project will also contribute the enhance the digitalisation of railway industry through the development of smart solutions and by leveraging technologies such as enhanced connectivity, cloud computing and AI, which are crucial pillars of the railway industrys digital transition.
The Project accelerates the accumulation and diffusion of knowledge within the European industry, through the Promoters collaboration with industrial partners, universities, and research institutes.
The Projects activities are in line with the Banks IDHC (Innovation, Digital and Human Capital) innovation policy and therefore are eligible for the Banks financing under the Research, Innovation and Digital (RID) Policy Priority Goal; a part of the Project contributes also to the Banks Economic and social cohesion cross-cutting objective.
The Project contributes entirely to the Banks Climate Action & Environmental Sustainability (CA&ES) cross-cutting objective.
The EIB financing supports Research, Development, and Innovation (RDI) activities that generate significant positive knowledge, technology, and environmental externalities, through the creation of innovative products and services and skills development and upgrading.
The Promoters R&D capability and well-structured organisation, its focus on product and technology R&D, innovation and sustainability, its technology edge, industrialisation capability and strong ecosystem of partners, along with its experienced management will help implement a sound and sustainable project, integrating positive environmental and social dimensions, contribute to addressing and mitigating market failures, and through its additionality, contribute to the Banks policy objectives.
The Banks technical contribution and advice is explained by the guidance provided to align the Project scope with policy objectives at Project origination and the monitoring requirements during Project implementation.
The proposed operation satisfactorily meets funding needs of the promoter providing additional flexibility in terms of long tenor (particularly given the current tighter liquidity in the banking sector) at lower cost of funding. The EIB funding is expected to improve the promoter financial structure by spreading out its repayment profile, reducing the cost of newly incurred indebtedness as well as diversifying its funding base.
Objectives
The project covers a wide range of products, applications and services. It aims at maturing technologies and developing new products in the field of rail diagnostics, signalling systems and asset management. Some of the main objectives include the development of on-board monitoring systems for rolling stock and infrastructure, new signalling systems, solutions for integrated diagnostic or for remote fruition of railway lines diagnostic data.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 82 million |
