Today in Rome, the European Investment Bank (EIB) and Cassa depositi e prestiti (CDP) signed a new EUR 500 million loan to support investment in Italy. The EIB was represented by its Vice-President responsible for operations in Italy, Malta and the Western Balkans, Dario Scannapieco, and CDP by its CEO, Giovanni Gorno Tempini.

Under the operation, the EIB is making available to CDP a credit line of up to EUR 500 million for financing infrastructure projects.

This initiative represents a further concrete application of the framework agreement signed last year, which provides for cooperation not only at the financial level but also on the human resources front: staff exchanges between the two institutions are already underway and are serving to bring together the EIB’s fifty years of international experience and CDP’s long track record and knowledge of Italy’s social and economic fabric.

“We are very pleased with the loan signed today and with the way in which the cooperation between the European Investment Bank and Cassa depositi e prestiti is developing in general”, said Mr Scannapieco. “This merging of our institutions’ financial and project appraisal resources is key to fostering the rapid recovery of investment, the main driver of growth in our country”.

“It is of capital importance that two major institutions are sharing their different experiences and working together to help build the infrastructure that our country needs and expects”, Mr Gorno Tempini added.

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