CDP to launch “Marguerite II”
The second Pan-European Infrastructure Fund in place
Deposits and Loans Fund (Cassa Depositi e Prestiti, CDP) has announced along with the main national institutes for European promotion and EIB the roll out of Marguerite II, a pan-European fund supporting development of infrastructure projects in the sectors of energy, renewables, transportation and ICT.
With a total commitment of 700 million euros (of which the CDP quota of €100 M), the new fund will continue the mission of Marguerite I, its duration will be 10 years extendable to further 2 and it will focus on the accomplishment of the investment target within 5 years.
The main areas of action will regard a reduction in CO2 emissions to be pursued through investments in energy efficiency and renewable energy, the improvement of the energy supply security, increasing the access to high-speed Internet networks and optimizing transportation networks. Moreover, the fund will deal with financing of innovative “green” projects contributing to the transition towards a “low-carbon economy.”
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01 December 2017 - 15:46 CET