European Commission and Cassa Depositi e Prestiti sign agreement to support Italian infrastructure projects – InvestEU

Brussels, Belgium (PortSEurope) July 6, 2022 - Yesterday, the European Commission and Cassa Depositi e Prestiti (CDP) signed a €6.7 million agreement to provide advisory support to Italian infrastructure and social investment projects. It is the first such agreement signed with a national promotional bank or institution under the Commission's new InvestEU programme, with more. Under the agreement, CDP in its role as advisory partner under the InvestEU Advisory Hub will provide project advisory, market development and capacity building support to project promoters and financial intermediaries. Total support is €6.7 million, of which €5 million comes from the EU and €1.7 million from CDP. The CDP advisory support will contribute to the development of improved quality investment projects, including under the InvestEU “Sustainable Infrastructure Window” and “Social Investment and Skills Window”. Commissioner for the Economy, Paolo Gentiloni, said: “Signing this agreement today with Cassa Depositi e Prestiti, the first national promotional bank to become an advisory partner under InvestEU, is an important milestone in the rollout of the programme across the EU. With Cassa Depositi e Prestiti as a local partner, we will provide targeted advisory services to help plan and implement important investments in public and social infrastructure and sustainable development. I am looking forward to seeing many more such agreements with local advisory partners across the EU.” CEO and General Manager of CDP, Dario Scannapieco, added: “With InvestEU, in the next few years Europe will resume the path started with the pioneering Investment Plan for Europe, which for the first time seven years ago had placed the accent on investments and growth. The agreement signed today represents a new stage and a relaunch of the dialogue between CDP and the European institutions in order to facilitate synergies. We are proud to join the European Commission in order to help stimulate a robust and lasting growth of our economic, social and environmental system", commented the CEO and General Manager of CDP.” InvestEU programme The InvestEU programme provides the EU with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for the EU's policy priorities, such as the European Green Deal and the digital transition. Cassa Depositi e Prestiti (CDP) Cassa Depositi e Prestiti (CDP) is a National Promotional Institution that has been supporting the Italian economy since 1850. Through its actions, it is engaged in accelerating the industrial and infrastructural development of the country, so as to sustain its economic and community growth. CDP focuses its activities on regional sustainable development and also supports innovation and growth, including international growth, of Italian companies. It is a partner of Local Authorities, with loans and advisory services, for the creation of infrastructures and for the improvement of services of public utility. In addition, it is active in the field of International Cooperation to fund projects in developing countries and emerging markets. CDP is funded totally by private resources, through the issue of postal bonds and passbook accounts and through issues onto the national and international market. Information from the European Commission. The full press release can be accessed here. Copyright (C) PortSEurope. All Rights Reserved. 2022.

European Commission and Cassa Depositi e Prestiti sign agreement to support Italian infrastructure projects – InvestEU

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European Commission and Cassa Depositi e Prestiti sign agreement to support Italian infrastructure projects – InvestEU

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All news

DP World issues a “blue bond” in the Middle East

Turkey’s STM to build two ships for Portuguese Navy

Port of Figueira da Foz moves tugboat to the Atlanticeagle Shipbuilding shipyard

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Our Expert Analysis

Latest Free Reads

Top Ports