Italy: EIB provides FS Italiane Group with support for new hybrid regional trains with lower environmental impact

Jul 27, 2020 145

The EU bank is supporting FS Italiane Group's investment plan covering new trainsets for Trenitalia's regional transport division. The trains will be less polluting and more efficient, and almost half will be for southern Italy. This is the goal of €450 million in European Investment Bank (EIB) financing for FS Italiane (parent company of the Trenitalia transport company) announced today by EIB Vice-President Dario Scannapieco and FS Italiane Chief Executive Officer and General Manager Gianfranco Battisti.

€150 million of the total has already been finalised via the subscription of a corporate bond under FS’ EMTN programme, concluded by way of private placement, confirming the group's commitment to sustainable finance.

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SOURCE: https://www.eib.org

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