Brussels, 15 February 2024
The European Investment Bank (EIB) is providing a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI). €800 million of this investment is backed by the InvestEU programme. The key objectives of the financing include modernising and upgrading the nearly 3,000 km of Italian motorways managed by ASPI to improve safety and durability.
This will include for instance modernising road infrastructure and installing new electric vehicle charging stations, as well as making the road infrastructure more resilient to climate-related challenges like extreme weather events. The EIB estimates that the implementation of the project will support more than 13,000 jobs.
Commissioner for Economy, Paolo Gentiloni, said:
“This major investment in Italy’s transport infrastructure will make driving on our motorways safer and improve their resilience to extreme climate events, which we know are set to become ever more common. I am especially pleased that through this significant injection of funding from InvestEU and the EIB, the EU is helping to support more than 13,000 jobs in Italy.”
The InvestEU programme provides the EU with long-term funding by leveraging private and public funds in support of EU policy priorities. As part of the programme, the InvestEU Fund is implemented through financial partners who will invest in projects using the EU budget guarantee and thus mobilising at least €372 billion in additional investment.
A press release is available online.
Source – EU Commission