€600 million for Italy earthquake recovery

By Helen Wright23 May 2013

The European Investment Bank (EIB) and Italian state-owned bank Cassa Depositi e Prestiti (CDP) have agreed to provide a €600 million loan to support the rebuilding of industrial infrastructure in areas hit by the earthquakes in Emilia-Romagna in northern Italy last year.

In May 2012, two major earthquakes struck the region, causing fatalities and wide-spread damage. The first, a 5.9 magnitude temblor, occurred on 20 May, followed by strong aftershocks. The second, 5.8 magnitude quake hit nine days later and brought down buildings already weakened by the 20 May quake.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
5 ways to make remote working work
Keith Ali, MD at Creative ITC, explains how to overcome 5 common challenges when deploying remote working solutions to ensure AEC organisations realise business benefits from digital transformation.
COMMENT: Are we at the beginning of a golden decade in German construction?
Peter Gerstmann, chairman of the board of management of the Zeppelin Group discusses growing opportunities for the German construction sector
Can hydrogen engines turn construction green?
Hydrogen combustion engines move to centre stage as construction aims for zero emissions
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA