The European Investment Bank (EIB) is providing a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI), one of Europe’s largest toll motorway construction and operation concession holders. The key objectives of the financing include modernising and upgrading the nearly 3 000km of Italian motorways managed by ASPI to improve safety and resilience against future extreme weather-related events.

At least €800 million of the EIB funds are supported by InvestEU, the European Commission’s investment programme, for which the EIB Group is the largest implementing partner.  “This operation shows the EIB’s commitment to promoting safety and environmental sustainability on the Italian motorway network, an integral part of the TEN-T core corridor,” said EIB Vice-President Gelsomina Vigliotti.