European funds


EFSI-European Fund for Strategic Investments: Italy second largest user after Uk
Sep

16

2016

EFSI-European Fund for Strategic Investments: Italy second largest user after Uk

Uk, which just a few months ago voted for Brexit, is the biggest beneficiary of the European Fund for Strategic Investments (EFSI) with €1.473 billion of approved financing. In second place is Italy (€1.161 billion) followed by Spain with €567 million. Among the Italian projects which have benefited from the fund, the plan by the operator Telecom Italia (€500 million of EFSI investments) for the launch of a new network (made of combined fiber and copper) to provide high-speed broadband services throughout Italy. The second project approved for €300 million is the one by state owned railways operator Trenitalia for the purchase of rolling stock for regional railway services in Lazio, Liguria, Veneto, Piedmont and Tuscany. Link to full article here To know more about Eu financial instruments: link