La European Investment Bank (EIB) and Intesa Sanpaolo they entered into a financing agreement from 100 million euro to support the ecological transition of the Public Administration and its subsidiaries.
The agreement represents the first funding granted by the European Investment Bank (EIB) to a commercial bank in Italy for support sustainable investments promoted by the Public Administration. The IMI Corporate & Investment Banking Division of Intesa Sanpaolo will facilitate investments for a total of 200 million euros from local and public bodies.
Investments in infrastructure and public transport
They will be possible investments such as the purchase of low environmental impact buses for the public transport, the improvement of water networks and infrastructure, as well as the purchase of equipment for collection.
The resources provided by the EIB and Intesa Sanpaolo can also be used for projects financed by the National Recovery and Resilience Plan (PNRR).
New perspectives for public bodies
The agreement between Intesa Sanpaolo and the European Investment Bank offers public bodies new financing opportunities with favorable terms, including longer maturities of up to 15 years, flexible repayment plans and competitive interest rates.
Over the past five years, the two banks have tightened 15 agreements for a total of approximately 2,4 billion of Euro. These have allowed access to credit for small and medium-sized enterprises (SMEs) and medium-sized companies (MidCap) for over 4,5 billion euros, and have supported infrastructure projects significant, including the Palermo-Catania railway section and the modernization of the port of La Spezia.
“Investments aimed at promoting water sector efficiency, low environmental impact mobility and improving waste management are crucial to achieving climate neutrality. There collaboration between EIB and Intesa Sanpaolo confirm thecommon commitment for the transition towards a sustainable society and economy” he commented Jasmine Vigliotti, Vice president AT.
“The agreement signed with the EIB confirms the common commitment to accelerate the transition towards alow emissions economy. Supporting the modernization of public services in a sustainable way is an important and concrete act to promote the development of our country" he declared Nicola Doninelli, Head of Distribution Platforms & GTB of the IMI Corporate & Investment Banking Division of Intesa Sanpaolo.
