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Tuesday, June 18, 2024

Italy given €950 million loan to upgrade conventional and regional rail routes

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Italy’s Minister of Economy and Finance has signed a loan agreement with the European Investment Bank (EIB) and MEF worth almost a billion euros to upgrade conventional and regional rail lines in the country.

Minister Pier Carlo Padoan signed the deal alongside EIB vice-president Dario Scannapieco and the director general of the Treasury, Vincenzo La Via.

Also present were the chief executice of FS Italian Michele Mario Elia and chief executive of Italy’s rail infrastructure manager, RFI, Maurizio Gentile.

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