Italy’s largest bank by assets, Intesa Sanpaolo, has announced a deal with the country’s culture ministry to inject €5 billion into the Italian tourism sector. A big chunk of that money will be used for restoration and redevelopment projects, making more buildings available for cultural use.
The investment will take place over three years in a deal called ‘Pact for Tourism 4.0’ and will also include money for training of workers in the tourism sector, technological innovation, and modernization of accommodation.
