European Commission to back Italy’s Infrastructure Projects

A €6.7 million agreement was inked today between the European Commission and the Italian national promotional organisation Cassa Depositi e Prestiti (CDP) to offer advisory support to infrastructure and social investment projects.

Under the Commission’s new InvestEU programme, this is the first agreement of its kind to be struck with a national promotional bank or institution; further agreements will follow.

According to the agreement, CDP will support project promoters and financial intermediaries in Italy by offering project advisory, market development, and capacity-building support in its position as an advisory partner under the InvestEU Advisory Hub.

A total of €6.7 million will be provided in support of the delivery of advisory services under this agreement, of which €5 million will come from the EU budget and €1.7 million from CDP.

The advising support that CDP will offer will assist in the development of higher-quality investment initiatives, particularly those that fall under the InvestEU “Sustainable Infrastructure Window” and “Social Investment and Skills Window”.