Press Release: Italy: €500 million for Gavio group’s motorways

The European Investment Bank (EIB) signed on 14 January 2010 four separate finance contracts totalling €500 million in favour of Sias SpA, the holding company of the Gavio group. While the main project consists of completion of the Turin-Milan motorway, five smaller schemes involve investment in the Gavio group’s other motorways in north-west Italy. These projects form part of the TENs (trans-European communication networks of Europe-wide interest) and are therefore financing priorities of the EIB.