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Cassa Depositi e Prestiti lends finance to Ports of Genoa

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Genoa, Italy (PortSEurope) August 23, 2022 – Cassa Depositi e Prestiti (CDP) will lend €31.5 million to the Ports Of Genoa. The load will finance improving port accessibility, both by road and rail. The client is Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority). Both the ports of Genoa and Savona will benefit.

In Genoa, the credit will finance dredging around the Nino Ronco Bridge, the Sampierdarena basin and the passengers port. This will restore the depth of the seabed in order to improve seaworthiness and docking at the quay.

Also, the Ronco Canepa Container Terminal will be expanded, with the construction of a new quay and a shipyard. Finally, the restoration works of the portion of Genoa outer dam will be completed. This follows the damages caused by storms in recent years.

In Savona area, the loan will upgrade the railway fleet of the port terminal of Vado Ligure, where containers are handled. With these funds, the restoration of the outer dam works will be defined for both the Vado and Savona basins.

Around 500 jobs will be created by the investments.

Cassa Depositi e Prestiti (CDP)

Cassa Depositi e Prestiti (CDP) is a National Promotional Institution that has been supporting the Italian economy since 1850. Through its actions, it is engaged in accelerating the industrial and infrastructural development of the country, so as to sustain its economic and community growth. CDP focuses its activities on regional sustainable development and also supports innovation and growth, including international growth, of Italian companies. It is a partner of local authorities, with loans and advisory services, for the creation of infrastructures and for the improvement of services of public utility. In addition, it is active in the field of International Cooperation to fund projects in developing countries and emerging markets. CDP is funded totally by private resources, through the issue of postal bonds and passbook accounts and through issues onto the national and international market.

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