13/10/2008 - The European Investment Bank (EIB) and the Ministry of Infrastructure and Transport have signed a framework agreement for the financing of works in the Ten-Year Plan of the Strategic Infrastructure of the Italian government.
Under the agreement, the EIB and the Ministry will step up their cooperation in order to identify the projects included in the Ten-Year Plan financed by the Bank, but not only. Will also jointly define the most appropriate financing and shared competences acquired by the Bank in its European structured finance and project, eg on issues such as competitive and negotiated procedures for the award of concessions under public-private partnership private. The volume of loans that the Bank can make in support of infrastructure projects will be economically sustainable in the order of 15 billion euro in the period 2008-2012.
The agreement was signed in Luxembourg by EIB President Philippe Maystadt, the Vice-President Dario Scannapieco, responsible for financing operations in Italy, Malta and Balkan Western, and the Minister of Infrastructure and Transportation Matteoli.
"At a time so critical for international finance - said Minister Matteoli - today's agreement between Italy and the European Investment Bank is a strong signal of confidence in the Italian Government. Creating the infrastructure allows it to Gross Domestic Product to grow consistently to help the country. "
"The agreement will enable Italy to resume its infrastructure so decided. The country, "the Minister added," suffers a delay on this front heavy, which prevents the growth, development its economy and compete with partners in Europe and worldwide. Faced with the grave international economic and financial crisis, the Italian government is moving to find adequate resources to implement the necessary infrastructure that the country needs. The EIB financing is an important part. There also will move to encourage private investment through public-private partnership. In this regard, we have modified the code of contracts to encourage private investment by offering more flexible rules, deadlines and more streamlined. "
Among the hypotheses that the Minister of Public Works has indicated and that will be financed by the EIB, are the crossings of Frejus and Brenner, the Milan-Verona, the underground C and D of Rome, the completion of the Salerno-Reggio Calabria and the Naples underground.
"Signing this agreement represents a qualitative leap in relations between the EIB and the Administration Italian," said Vice President of the EIB Scannapieco. "It formalizes and strengthens the commitment of the EIB to support the Italian Government's Ten-Year Plan by facilitating and expanding opportunities for funding of strategic infrastructure, in particular the priority of the establishment of the Italian section of the European transport network." "With this agreement," said Scannapieco, "the BEI mette a disposizione del Governo Italiano la sua expertise nella strutturazione del finanziamento delle grandi opere”.
Come in passato, i finanziamenti della BEI potranno riguardare investimenti promossi direttamente dal Ministero, o da amministrazioni dello Stato e società pubbliche, di Regioni, enti pubblici territoriali e soggetti concessionari.
Il Dicastero di Porta Pia promuoverà incontri con queste controparti, per informarle delle possibilità di finanziamento offerte dalla BEI ai sensi di questo Accordo. I prestiti potranno essere intermediati da primari istituti di credito o prendere la forma di interventi di finanza strutturata e di progetto. Il Ministero, infine, esaminerà insieme alla BEI le opportunità co-financing with the funds available through EU programs.
Source: Ministry of Infrastructure and Transportation
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