Cassa Depositi e Prestiti (CDP) e European Investment Bank (EIB) have signed a agreement da 200 million euro for stimulate investments by Local and Public Authorities throughout the national territory in order to accelerate the ecological transition. Investments that aim to promote sustainable mobility, improve energy efficiency in buildings.
First green agreement for the public sector
This deal represents the first operation between the two institutions entirely dedicated to green investments of the public sector.
The two institutes will provide 100 million euro each in 2023 to the benefit of public administrations, especially local ones, which will be able to take advantage of more affordable rates.
Taking advantage of the EIB's advantageous funding conditions on international markets in terms of interest rates, CDP will develop a financial product entirely dedicated to green investments, which will make it possible to transfer the EIB advantage to the final beneficiaries, guaranteeing significant economic savings for entities intending to invest in sustainable infrastructure.
The operation will thus allow you to raggiungere a significant number of public administrationi throughout Italy, including those that traditionally do not have direct access to EU Bank funding. This will allow for stimulate the local economy and achieve PNNR objectives related to the European Green Deal.
La credit line is aimed at green projects in the field of school and public buildings, cycling, renewable energy, reforestation, waste disposal and public vehicles.
Advisory agreement for investment advice and monitoring
Un further agreement was signed between the two institutions.
CDP will make use of the EIB advisory services to increase its share of funding for environmental sustainability. The advisory services of the European Bank will help improve eligibility assessment and monitoring of the impact of green projects and, at the same time, to strengthen the knowledge of EIB financial intermediaries in the area of the EU Green Taxonomy.
