Milan Municipal Investments Facility
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Approval date
25 September 2020
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Borrower
Municipality of Milan
- Country
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Loan size
€ 50 000 000
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Line of action
Inclusive growth
Environmental sustainability -
Status
Cancelled
This €50 million Public sector Financing Facility will part-finance eligible investments in areas such as strengthening the mobility system, regenerating and requalifying public spaces and upgrading municipal schools, public and social housing buildings.
Final beneficiaries will be the inhabitants of Milan, as well as those living and working in the metropolitan area, who will benefit from improvements in mobility and urban regeneration.
Environmental and social aspects
The CEB classified the project as category “B” since it required an Environmental and Social Impact Assessment (ESIA) according to applicable national law.