Italy: EIB provides EUR 95 million for expansion of LUISS University
- Upgrading and expansion of university campuses in Rome: libraries, classrooms and accomodation for students and teaching staff
- Investments to improve energy efficiency in buildings
- Support for the university’s innovation hub located in Milan
The EU bank is supporting the five-year investment plan of the Italian LUISS University with EUR 95m. A first loan tranche of EUR 50m was signed today in Rome in the presence of EIB Vice-President Dario Scannapieco, LUISS's Managing Director Giovanni Lo Storto and Dean of the University, Andrea Prencipe.
The European Investment Bank (EIB) loan will co-finance over 70% of LUISS’s investment plan, including the modernisation and expansion of the university's facilities in Rome and of Milan-based innovation hub. State-of-the-art, energy-efficient classrooms, libraries and accomodation for students and teaching staff will be built. LUISS is one of Italy’s leading private universities, specialising in economics and finance, business and management, and law and political science, taught in both Italian and English. The investment plan is aimed at increasing attractiveness for international students and applying new technologies in teaching.
“The operation with LUISS follows the EIB's support to universities of Trento, Bologna, Verona, La Sapienza and Bocconi, among others. In recent years, the EIB has made almost EUR 1 billion of financing Italian universities. Investing in education is the best way to increase our country’s competitiveness and to give our youngsters the tools they need to face and overcome their future challenges. This is why we are very proud of the operation signed today”, said EIB Vice-President Dario Scannapieco.
Giovanni Lo Storto, LUISS's Managing Director added: “Today’s agreement with the EIB, a major European institution, reinforces our commitment to promoting internationalisation and improving our students’ access to services and facilities. LUISS University is meeting these challenges with strategic projects and investment in digital technologies and new programs”.