EIB and CEB provide EUR 1.555bn for the School Buildings Plan in Italy

The EU and international financial institutions will continue to modernise Italian schools and make them safer with the support of MIUR. Two agreements providing sizeable resources for school buildings were signed in Rome: a total of EUR 1.555bn, attributed by the EIB (EUR 1.255bn) and the CEB (300m). 

The loans are intended to fund operations in the fields of restructuring, compliance with safety and seismic standards, energy efficiency and the construction of new school buildings. The funds will be provided by CDP to municipalities, provinces and metropolitan cities on the basis of priority rankings decided by the Regions that have been granted loans; these priority rankings are incorporated in the 2018-2020 national school buildings programme of the Ministry for Education, Universities and Research, which coordinates the plan and will monitor the use of funds.

Overall, the funds allocated and in recent years by EU and international financial institutions will be used to develop more than 9 000 school buildings. Thanks to the School Buildings Plan and economic cooperation between the relevant players, there are advanced IT systems mapping all school buildings across Italy and monitoring infrastructural work. These systems are highly valued in Europe.

Original source: EIB
Published on 29 July 2019