EIB Finances Sustainable Recovery of the Province of Trento, Italy

The Autonomous Province of Trento has signed an agreement for EUR 300 million in financing from the European Investment Bank to distribute loans to municipalities and public entities in need of funding for a sustainable recovery from the pandemic. The agreement was signed on July 21, 2020, and an initial tranche of EUR 160 million was already provided. Loans can be provided with a maturity period of up to 20 years and guarantees are provided by the province.

A wide range of projects and sectors are meant to benefit from the available finance, including energy-efficiency projects, renewable energy, sustainable transport, urban development, public infrastructure, and climate change mitigation projects.