The European Investment Bank
is working with Italy on a possible 800-million-euro loan to
address the bad weather emergency which has caused untold damage
across the country, sources said Monday.
The money would be used to finance a major programme of works
to fix hydrogeological faults, the sources said.
The maximum duration of EIB loans is 25 years and the loan
would enable Italy to save over 150 million euros on interest
spending.
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