Funding speeds Italian project

Banks funding Italy's new Brescia-Bergamo-Milano (BreBeMi) highway are now giving access to the ?1.91 billion required to complete the work.
February 27, 2012 Read time: 1 min
Banks funding Italy's new Brescia-Bergamo-Milano (BreBeMi) highway are now giving access to the €1.91 billion required to complete the work. The project management company in control of the BreBeMi link says that the highway will open to traffic at the end of 2012 rather than mid 2013 was originally stated. Finance group 1473 Intesa Sanpaolo says that the BreBeMi highway will generate in excess of €10 billion and create 68,000 new jobs. 1473 Intesa Sanpaolo holds a 40% stake in BreBeMi. Meanwhile the tender for upgrades to the Sassari-Olbia section of highway in Sardinia is opening. The project is worth over €80 million.

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