EIB offers financial support for Italian rail projects
Published: Thu, 2015-02-05 10:17European Investment Bank will provide a loan of EUR 1 billion to the Italian Economics and Finance Ministry to upgrade conventional railway lines in the country.
“This is a further step to bolster the EIB's already considerable support for Italian rail projects,” said, Michele Mario Elia, CEO, FS Italiane. “These new financial resources will speed up the launch of projects and remove obstacles to important works already planned to help contribute to the recovery of growth and employment.”
Italy is expected to benefit from the favourable lending terms of the EIB.
"Two objectives are being pursued: (i) to improve the infrastructure and services available to the Italian people; (ii) to kick-start a period of investment to foster economic growth and job creation. We will work to enable the EIB to fund projects starting with those already identified by the national task force and conveyed to the European institutions," said Minister Pier Carlo Padoan.