The President of the European Investment Bank (EIB), Philippe Maystadt, had a series of meetings in Milan today with the representatives of local bodies with a view to preparing for the World Expo that will be held in the city in 2015. President Maystadt and the EIB Vice-President responsible for operations in Italy, Dario Scannapieco, met with the Governor of Lombardy Roberto Formigoni, the Mayor of Milan Letizia Moratti and the President of the Province, Guido Podestà.
During the meetings, they confirmed the Bank’s willingness to finance the planned infrastructure and said that it was ready to begin appraising the corresponding projects according to its eligibility criteria.
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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, Germany and France, each holding a 16.2% stake in the Bank. At end-2008, the EIB’s total financing amounted to EUR 355bn, of which EUR 45bn went to Italy.