Public Sport and Community Facilities with enhanced social impact
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Approval date
15 November 2024
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Borrower
Istituto per il Credito Sportivo e Culturale S.p.A.
- Country
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Loan size
€ 75 000 000
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Line of action
Promoting Inclusive and Resilient Living Environments
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Status
In progress
This Programme loan aims to support the Borrower’s activities through providing funding to local authorities for sports and cultural facilities’ investments including the construction, improvement, expansion and equipment of sports facilities; the acquisition of assets to be used as sports facilities; sport’s facilities management; the construction, improvement, expansion and equipment of fixed assets to be used for cultural activities and related support activities. The objective is to improve the living conditions of the facilities’ end-users.
Final beneficiaries: Over 15 million residents of approximately 500 municipalities / provinces benefitting from the Borrower’s subsidised funding and users of the relevant sports or cultural facilities including the youth, the elderly and persons with disabilities.