Framework loan of €200 million to the Municipality for multi-sectoral investments in energy efficiency and renewables, sustainable mobility, waste management and liveability of urban spaces
EU bank’s first operation in support of an Italian municipality benefiting from the exceptional measures introduced to tackle the COVID-19 crisis
In recent years the city has received €1.4 billion for investments in infrastructure
The City of Milan has received the full support of the bank of the European Union for investments to protect the environment and adapt urban spaces to COVID-19 rules. These are the aims of the €200 million framework loan, of which the first €100 million tranche was signed today between the European Investment Bank (EIB) and the city administration. This is the first such agreement to benefit an Italian municipality.
Thanks to the framework loan, the EIB will finance a programme of multi-sectoral investments included in the Municipality’s 2020-2022 three-year public works programme under its Air quality and climate plan. Specifically, the projects will include the upgrading of public buildings, and, in particular, energy efficiency and renewable energy measures; social infrastructure and sustainable urban mobility; solid waste management; recycling centres and open public spaces in the city.
With regard to the ongoing COVID-19 crisis and also in the medium term, the EIB-funded investment programme will enable the Municipality to provide citizens with redeveloped urban spaces fully in compliance with social distancing guidelines. All investments will significantly improve air quality, thus supporting the city in its fight against climate change.
This operation increases EIB support to the Milan infrastructure system to €1.4 billion, including for companies in the transport and water sectors (ATM and MM).
In the field of environmental protection, the EIB has adopted a new institutional mission as the EU’s climate bank, undertaking to support green projects worth €1 000 billion over the 2020-2030 period.
Framework Loan to co-finance multi-sector schemes included in the 2020-2022 Investment Programme of the City of Milan and supporting the implementation of its Air Quality and Climate Plan. Investments comprise five pre-selected sectors: upgrade of public buildings to include EE and RE measures, social infrastructure, sustainable urban mobility, solid waste - recycling centres, and open public spaces, comprising pedestrian areas, parks and public squares. The operation is expected to contribute s
The European Investment Bank (EIB) is providing a €200 million framework loan to support the municipality of Florence's 2022-2027 investment plan. The planned actions will contribute to urban regeneration, the redevelopment and energy efficiency of public buildings and the advancement of sustainable mobility. Since 1998, the EU bank has provided €1.06 billion to Florence across nine operations.
The EIB will finance around 40 projects in Barcelona that aim to support climate change mitigation and adaptation in the city. To this end, the EU bank will provide €95 million to promote urban regeneration, with a focus on the environment but also on social inclusion and job creation to boost the economic recovery in the wake of the COVID-19 crisis.