EIB provides €100 million to MM to improve efficiency of water services in Milan
Italy, Dec. 17 -- The European Investment Bank (EIB) is providing a €100 million loan to support the 2025-2029 investment programme of MM S.p.A., the municipality of Milan's integrated water services management company, which meets aggregate demand from around two million people - 1.4 million residents plus commuters and visitors. The agreement, which marks the 70th anniversary of the foundation of MM, was announced today by EIB Vice-President Gelsomina Vigliotti and CEO of MM S.p.A. Francesco Mascolo.This operation, the second between the EIB and MM following the €70 million operation signed in 2016, is backed by the guarantee of InvestEU, the European Union's investment programme through which the EIB has already unlocked more...
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