The financing will fund the investments of municipalities and local entities via Cassa del Trentino.
It will support public infrastructure, energy efficiency and renewable energy sources, transport, the fight against climate change and recovery following the crisis caused by the pandemic.
An initial tranche of €160 million has already been finalised.
The EU bank is backing the Autonomous Province of Trento for all sustainable public sector projects and the economic recovery from the impact of the COVID-19 pandemic. This is the goal of the agreement signed today by the European Investment Bank (EIB), which will provide €300 million to the northern Italian province, with an initial tranche of €160 million already finalised.
Cassa del Trentino – the institution for supporting economic development and infrastructure construction and management within the autonomous province – will be responsible for channelling the resources to municipalities and public entities.
In concrete terms, projects in the public infrastructure, energy efficiency and renewable energy sources, sustainable transport, urban development and renewal sectors together with investments in tackling and mitigating climate change will be eligible for financing. These will be joined by any projects of municipalities and public entities in Trentino that aim to alleviate the effects of the economic and social crisis caused by the pandemic and lay the groundwork for an economic recovery.
The maturity of the loans can be up to 20 years, with a four-year grace period. In addition to the advantages of EIB financing – whose own AAA rated bond issues enable it to offer long maturities and favourable rates to loan beneficiaries – disbursements from Cassa del Trentino will be subject to a guarantee from the province.
“Trentino has a long history of applying EU bank financing. I am therefore very proud that it is the first in Italy to use the resources we are making available to regions and provinces for sustainable investments and to drive the recovery of the economy, which was hit hard by the halt in activity caused by the COVID-19 pandemic,” said EIB Vice-President Dario Scannapieco.
Ministers of State for Foreign Affairs from Germany and Portugal and EIB Vice President Thomas Östros today joined more than 80 business leaders, diplomats from Africa and Europe, financial experts, and development specialists at the Berlin Green Talk to share investment best practice and outline how to accelerate the green transition in the context of EU-Africa relations.
The Portuguese Presidency of the Council of the European Union, in collaboration with the European Investment Bank (EIB) and the Spanish Ministry of Foreign Affairs, European Union and Cooperation today hosted a discussion day on energy transition in Africa. The event was held as part of the EU-Africa Green Talks: New investment pathways towards sustainable, inclusive development, which the Portuguese diplomatic representations, the EIB and other partners are organising in Africa and Europe, prior to the main event, the https://www.2021portugal.eu/en/events/high-level-economic-and-green-investment-forum-eu-africa/
Dans le cadre des « 30 jours de dialogue sur la transition verte en Europe et en Afrique », organisés conjointement par la Présidence portugaise du Conseil de l'Union européenne et la Banque européenne d'investissement (BEI), en marge du Forum de Haut niveau sur les investissements verts Afrique-UE, qui aura lieu à Lisbonne le 23 avril 2021, un "Green talk" s'est tenu hier, 14 avril 2021 à Tunis, sur le thème "la gestion durable et inclusive de l'eau en Tunisie: quel rôle pour les acteurs publics et privés?".