The European Investment Bank has signed with the Port System Authority of the Tyrrhenian Sea Center Northern a loan of 29 million euros in addition to a loan of 50 million granted to the port authority by Cassa Deposits and Loans thanks to a funding agreement for the same amount granted by the EIB to CDP. Resources will be used to the extension of the breakwater of the port of Civitavecchia to protect the docks from storm surges, for the dredging of new basins and the channel of the entrance to the port, for the strengthening rail access to the port of call, rehabilitating and improving the existing marshalling yard and access to the container terminal, and also for the start of construction of the new Fiumicino commercial airport that will be used for services of passenger transport and transit of ships designed for transport cars, trucks or railway wagons. With regard to Fiumicino, the planned interventions concern the construction of breakwaters to protect the piers from erosion, dredging of a new basin and the construction of docks for ferries, ships from Cruise and fishing

After a first tranche of 50 million euros granted in November 2018 by the EIB, the resources announced today therefore bring the Total financing for the expansion of ports of Civitavecchia and Fiumicino at 129 million euros. The support of the EIB to Italian ports thus exceeds the total volume of a billion euro, confirming the role of the Union bank European as the main financier of port authorities Italian. For its part, CDP has only supported CDP in the last three years the sector with over 200 million.

"This operation - underlined Andrea Clerici, Head of Infrastructure, Energy and Sector Financing EIB audience in Italy - shows once again the closeness and the strong support of the EIB to the Italian port sector, a Key sector for connectivity and competitiveness of the Country. Support from the EU bank will help make ports of Rome at the forefront from the infrastructural point of view, increasing its capacity and operational efficiency, and ensuring a significant increase in its capacity to loading and unloading of passengers and cargo'.

Also Tommaso Savi, Head of Financing Regions and others Public Bodies of Cassa Depositi e Prestiti, highlighted that "the Transport and logistics system is crucial for the economic and social growth of the country. In synergy with the EIB - added - we are proud to contribute to the redevelopment of ports of Civitavecchia and Fiumicino consolidating the collaboration with the Port System Authority of the Tyrrhenian Sea central-northern, to which we have also offered activities over the years of advisory. CDP's commitment to the development of the port sector Italian touches, in fact, different areas, from consulting to loans in favour of institutions and businesses'.

The President of the Port System Authority of the Sea Central Northern Tyrrhenian Sea, Pino Musolino, noted that with the support from the EIB and CDP takes place 'an operation strategic for the port system of Rome and Lazio, which allows to finance the historic start of works for the commercial port of Fiumicino and equally important interventions for the port of Civitavecchia, as the extension of the rampart, dredging of the entrance channel to the port and the upgrading of the last railway mile. This additional agreement with the EIB and CDP - has remarked Musolino - consolidates a fundamental collaboration relevance, allowing AdSP to intervene directly for the completion of works necessary for infrastructure development of our network».