Italy’s railway infrastructure: €2 billion loan to the FS Group
Intesa Sanpaolo has signed a short-term loan of €2 billion with the FS Italiane Group in order to:
- increase the FS Group’s financial resources
- support the development and modernisation plan of Italy’s railway infrastructure
in line with the National Recovery and Resilience Plan’s Mission 3 targets on sustainable mobility and development of an avant-garde, interconnected transport network.
The expenditure plans are consistent with the goals of decarbonisation, reduction of emissions and digitisation, in line with the aims of European Taxonomy.
The FS Italiane Group is a highly valued client of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, attributable to the Ministry of the Economy and Finance, and operates in the integrated management of transport services and infrastructure, mainly in Italy and selected foreign countries.
Thanks to the NRRP, Intesa Sanpaolo intends to seize every opportunity to relaunch the Italian economy and embark on a path of sustainable growth and structural transformation, through its financial resources, organisational model and its people.
Intesa Sanpaolo, the leading Italian bank and one of the major European banks, seeks to be a ‘transmission belt’ of the NRRP, anticipating the financial needs of businesses, attracting resources to the real economy, connecting major projects with the Italian economic-production fabric.
The Bank has doubled the resources of the NRRP, making available to businesses and families €410 billion in medium to long-term loans, of which €270 billion were exclusively for companies.
Last updated 4 August 2023 at 10:53:06