Italy receives EUR 950 mln EIB loan for railway modernisation

BEI_Italia_52076-s6An agreement for financing Rete Ferroviaria Italiana (RFI)’s investment programme was signed between the European Investment Bank (EIB) and the Italian Economics and Finance Ministry. The loan agreement totalling EUR 950m will be used to finance the upgrading of conventional railway lines and regional and local routes in northern and southern Italy.
FS Italiane’s CEO Michele Mario Elia stated that the agreement signed „is a further step to bolster the EIB’s already considerable support for Italian rail projects. One of the Group’s strategic priorities is to launch new projects to modernise the infrastructure and technology used on the conventional network – investments made possible by recent government measures such as the ‘Sblocca Italia’ (Unblock Italy) Decree and the 2015 Stability Law. Moreover, providing the country with more functional railway lines for regional, metropolitan and freight traffic is key and crucial to the efficiency of the Italian transport system by improving quality standards and punctuality.”

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