the Council of Europe Development Bank (CEB) and IREN S.p.A. signed a Public Finance Facility (PFF) for an amount of €80 million, usable in several tranches, with a duration of up to 16 years, to partially finance IREN’s integrated water services plan in the provinces of Genoa and Parma. Approximately 1.1 million inhabitants across 75 municipalities are expected to benefit from an improved, efficient and secure water supply.

The investments will target the expansion and improvement of aqueduct, sewerage and purification facilities in selected areas. The total cost of works for the period 2019-2021 is equal to approximately €290 million, 28% of which to be covered by CEB loan.