EIB, with SACE and InvestEU guarantees, provides €150 million for Piedmont water services
Italy, June 4 -- The European Investment Bank (EIB) has granted a €150 million loan to Acqua Novara.VCO to improve the efficiency and resilience of water infrastructure in the Italian provinces of Novara and Verbano-Cusio-Ossola. The EIB financed is backed by SACE's Archimede guarantee - which covers two-thirds of the funding - and the European Union's InvestEU programme - which covers the remaining €50 million.The EIB green loan - the first of its kind signed with the company - supports Acqua Novara.VCO's €300 million investment plan for 2025-2030, aiming to improve water service efficiency in the 138 Piedmont municipalities served, benefiting around 450 000 people.Funds will go towards the modernisation and construction ...
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