Today in Rome, the European Investment Bank (EIB) signed a EUR 300 million finance contract with the Italian Rail Network (FS Group) to complete the construction of the Milan-Naples high speed rail line.
This operation is a further demonstration of the EIB’s commitment to financing the construction of Italy’s high-speed rail network, which since 1998 has led it to grant loans totalling EUR 5 billion for the Milan-Naples line against a total project cost of EUR 32 billion.
The construction of the trans-European transport network (TEN-T) is one of the lending priorities of the European Union's bank.
EIB
The European Investment Bank supports the strategic and policy objectives of the European Union by granting long-term loans for economically viable investment projects. The EIB’s shareholders are the 27 EU Member States. Italy is one of the four leading shareholders, along with the United Kingdom.