€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
Rental Briefing: daily newsletter for rental sector being launched by KHL
Newsletter will provide analysis, comment and insight into the global industry
Work progresses on Four Frankfurt project
T1, the highest tower in the quartet, will have a height of 233m
Construction equipment bodies respond to UK’s net zero shift
Association bosses say ‘softer package’ sends wrong message to the industry