EIB and CDP Partner to Boost €1 Billion in Loans for Italian Public Sector Projects

The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have strengthened their collaboration with a new agreement.

This agreement will enable CDP to provide €1 billion in loans to Italian public sector organisations.

Under this agreement, the EIB will issue a €500 million guarantee for CDP loans, enabling the Italian institution to potentially double that amount in loans over the next five years.

This initiative reinforces Italy’s economic development through projects prioritising environmental sustainability and social cohesion.

It focuses on regional development, particularly in central and southern regions.

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The allocated funds will facilitate sustainable growth by allowing public sector organisations to invest in various sectors that prioritise environmental and social considerations. 

Projects funded through this program will tackle essential issues such as climate change mitigation and enhancing resilience against extreme weather.

Additionally, these projects will assist areas affected by the 2016 earthquake in central Italy.

Through these financing efforts, CDP and EIB aim to enhance infrastructure, promote social cohesion, and aid the green transition, particularly in economically challenged regions.

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Strengthening a Strategic Partnership for Regional Growth

This agreement marks the second collaboration between the EIB and CDP, following a similar guaranteed agreement signed in 2022.

The collaboration aims to foster economic growth and advance the green transition at the local level.

Both organisations have reiterated their dedication to assisting Italy's public sector in executing projects that yield beneficial environmental and social results, emphasising the central and southern regions.

With the support of the EIB, CDP will expand funding for public sector bodies across Italy significantly.

This collaboration strengthens the long-established partnership between the two institutions and sets a precedent for sustainable development financing.