TANGENZIALE ESTERNA’S STORY

Here are the main events associated with planning Milan’s new outer eastern bypass:

2013: 16 June, the Italian government unveiled the “decreto del fare” decree, which lists the TEEM as a strategic work for the national economy.

2013: 6 June, Tangenziale Esterna and Impregilo offered a training course to Reggio Calabria high school students on building site safety and legality on building sites.

2013: On the night of 12/13 May, the new TEEM’s first viaduct was set in place over the Milan-Venice railway, between the municipalities of Melzo and Pozzuolo Martesana.

2012: Agreement signed on 12 November to initiate a €120 million bridging loan.

2012: €120 million bridging loan granted in September; capital increase from €100 million to €220 million resolved.

2012: 31 July, Legality Protocol signed against Mafia infiltration in awarding tenders, Milan Prefecture.

2012: 15 June, Interministerial Decree no. 147 of 8 May 2012 registered at the Court of Auditors as no. 6, Sheet no. 270.

2012: EPC (Engineering, Procurement & Construction) contract signed on 11 June, marking the start of TEEM-related work, scheduled to last through 2013 for the Arco TEEM, until 2015 for the rest of the motorway-grade route, and 2016 for realization of all ancillary works. The Health and Safety Supervisor is to exercise its functions in full compliance with Single Convention provisions.

2012: 12 March, CAL granted an ad hoc proxy to exercise powers of expropriation.

2012: 8 March, signature of Amendment no. 1 to the Single Convention and annexes updated to take into account the new Investment Economic Framework in the Final Plan, approved by the Interministerial Committee for Economic Programming (CIPE).

2012: 3 March, CIPE resolution published in the Official Gazette.

2012:24 February, Court of Auditors’ registration of resolution adopted by CIPE on 3 August 2011 to approve the TEEM Final Plan and Financial Economic Plan.

2012: 26 January, financial shareholder Banca Infrastrutture Innovazione e Sviluppo (BIIS) commissioned to structure the Project Financing as Arranger.

2011: December, TEEM Interministerial Decree signed by the Ministry of the Economy and Finance and the Ministry of Infrastructure and Transport.

2011: August, the Interministerial Committee for Economic Programming (CIPE) approved the TEEM Final Plan and Economic Financial Plan.

2011: April, TEEM Services Conference held by the Ministry of Infrastructure and Transport.

2011: February, TEEM Final Plan published.

2009: January, special-purpose project company established under the name Tangenziale Esterna SpA.

2008: November, temporary consortium won the tender and concession.

2008: July, temporary consortium assembled promoter TEM SpA and various Italian industry partners (designers, constructors, managers, and a financial partner). The temporary consortium was put together to tender a bid for the concession to design, realize and manage TEEM.

2008: June, CAL (Concessioni Autostradali Lombarde) SpA published a Call for Tenders for TEEM design, realization and management.

2007: Planning Agreement signed by the Lombardy Regional Administration, the Province of Milan, the Province of Lodi, the Ministry of Infrastructure, CAL SpA (assignor entity), Anas SpA and the representatives of 64 municipalities.

2005: The Interministerial Committee for Economic Programming (CIPE) approved the Preliminary Plan for TEEM. The infrastructure qualified as a work of relevant national strategic interest, and was therefore eligible for “Legge Obiettivo”-related procedures.

2002: The Tangenziali Esterne di Milano (TEM) SpA company was established to plan and realize the work as Promoter.

2001: At the behest of the Province of Milan, a plan was developed for a new external eastern bypass to reduce traffic levels on Milan’s existing eastern bypass.