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Follow ESG News on Linkedin The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have expanded their partnership, signing an agreement aimed at accelerating sustainable development in Italy’s public…
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EIB, CDP Mobilize €1 Billion to Drive Sustainable Projects in Italy’s Public Sector – ESG News
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EIB, CDP Mobilize €1 Billion to Drive Sustainable Projects in Italy’s Public Sector
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EIB, CDP Mobilize €1 Billion to Drive Sustainable Projects in Italy’s Public Sector
by ESG News
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November 4, 2024
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Funding Boost: A €500 million guarantee from the EIB enables CDP to provide €1 billion in loans to Italy’s public sector, focusing on sustainable projects.
Regional Development: The initiative targets central and southern Italy, including areas impacted by the 2016 earthquake, promoting climate resilience and social cohesion.
Strengthened Partnership: This second guarantee deal builds on the EIB-CDP partnership, enhancing economic growth and the green transition for Italy’s public sector.
The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have expanded their partnership, signing an agreement aimed at accelerating sustainable development in Italy’s public sector. This initiative brings €1 billion in new funding to support projects with a positive environmental and social impact, particularly in central and southern Italy.
“This €500 million guarantee agreement with the EIB allows us to double the funds available for Italy’s public sector,” said CDP representatives. “This will enable us to drive significant growth and resilience, especially in regions that need it most.”
The funding will support projects addressing climate change, enhancing resilience to adverse weather, and promoting regional economic growth. Public sector organizations will benefit from accessible loans, backed by the EIB guarantee, to advance critical infrastructure, sustainability, and social cohesion initiatives.
This agreement builds on the 2022 EIB-CDP deal, which promoted economic growth and helped fast-track the green transition for Italy’s public sector bodies.
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Topics
Cassa Depositi e Prestiti (CDP)
climate resilience
ESG Italy
European Investment Bank (EIB)
Sustainable Projects
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