Italy has secured €247 million from the European Investment Bank (EIB), Cassa Depositi e Prestiti (CDP), UniCredit, SACE, and Società Italiana per il Traforo Autostradale del Frejus S.p.A (SITAF) for modernization and safety on the A32 motorway. The A32 motorway connects north-western Italy with France via the Frejus tunnel (T4) and is one of Europe’s key road arteries and an integral part of the Mediterranean Corridor of the Trans-European Transport Network (TEN-T).
The EIB has granted a direct loan of around €105 million to SITAF (ASTM Group), while CDP has provided €92 million and UniCredit €50 million, benefiting from EIB funding. Around €80 million of the EIB financing and €40 million of the CDP cre