€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.

Latest News
40 tonne tele crawler new from Liebherr
The LTR 1040 is a new light version of the manufacturer’s 60 tonne telescopic boom crawler crane
Full ALH Conference speaker lineup announced
Topics for this year’s ALH Conference include market forecasts, recruiting talent, dynamic pricing for rental, e-commerce within construction and much more
Trackunit expands into Asia Pacific
Telematics company Trackunit has opened a regional HQ in Singapore, appoints a new SVP