According to the Bank’s website, the project consists of financing urban development projects carried out by Italian local governments under a programme loan. Sectors include urban regeneration, public buildings, social housing, schools and other public infrastructure.
The sub-operations are expected to support: i) area-based urban regeneration, ii) (re)construction/rehabilitation of open public spaces and green areas, iii) (re)construction/renovation of public buildings including schools, cultural and administrative buildings, iv) social and affordable housing, v) renewal of basic urban/municipal infrastructure including streets, pedestrian and cycle paths, public transport networks, sewage and water networks.
The underlying sub-operations are expected to support the implementation of investments under multi-annual investment programmes of local authorities, demonstrating a planning-led approach and in support of integrated urban development and climate action strategies.
The investments will be implemented across Italy. Provinces, municipalities and metropolitan cities will be eligible as Promoters for the sub-operations. Between five to eight sub-operations are expected to be implemented under the programme loan.
No contact information provided at the time of disclosure.
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