International Development News
Development News Edition
Give Feedback

EIB provids loan to implement Friuli Venezia Giulia's infrastructure plan

According to the Bank’s estimates, the implementation of the projects will create over 1 200 temporary jobs every year, with an even higher final impact on permanent employment.


EIB Friuli Venezia Giulia
Updated: 04-07-2019 18:40 IST
EIB provids loan to implement Friuli Venezia Giulia's infrastructure plan

As far as EIB policies are concerned, the operation with the FVG Region falls within the EU bank’s priority areas of activity: environmental protection, climate change mitigation and adaptation, energy efficiency and social cohesion. Image Credit: Pixabay

The European Investment Bank (EIB) is providing a EUR 125m loan to Italy's Friuli Venezia Giulia (FVG) Region for the implementation of its 2019-2021 infrastructure plan. The operation, which is the first direct loan between the EU bank and the Region, was signed this morning in Trieste by EIB Vice-President Dario Scannapieco and Governor of the FVG Autonomous Region Massimiliano Fedriga.

The EIB funds will be used to implement the works in different sectors set out in the regional plan. The list includes projects promoted by public entities in the areas of anti-seismic adaptation and energy efficiency upgrading of school buildings, social infrastructures such as hospitals, co-generation and energy efficiency projects, renewable energy generation and improvements in the utilisation of water resources. It also includes works to enhance the region's historic, natural and cultural heritage. Overall, the loan will contribute to the growth and the economic and social attractiveness of Friuli Venezia Giulia, promoting the sustainable development of the region.

As far as EIB policies are concerned, the operation with the FVG Region falls within the EU bank's priority areas of activity: environmental protection, climate change mitigation and adaptation, energy efficiency and social cohesion. According to the Bank's estimates, the implementation of the projects will create over 1 200 temporary jobs every year, with an even higher final impact on permanent employment.

"I am particularly proud of this operation because it enables us to get close to the real economy and all the citizens of Friuli Venezia Giulia, with concrete projects crucial for the balanced development of the region. But also because FVG is a key region for Europe: it represents a bridge to the Balkans," commented EIB Vice-President Scannapieco.

Governor Fedriga said he was "very pleased with the signing of the agreement", underlining "the importance of the projects which will cover the needs of four different regional sectors and involve the utilisation of sizeable resources for essential investments in the Friuli Venezia Giulia region, which is seeking to consolidate its role at the heart of Europe."

COUNTRY : Italy