Signed the agreement and the loan agreement for the construction and management of the Metro 4 of Milan
- Published: Monday, 26 January 2015 09:17
Cohen&Co supported Milan Municipality since the beginning of the project, the first one realized in Italy according to an innovative Public Private Partnership. In the project part of the Municipality public contributions (grants) constitutes equity in the SPV - M4Spa. Therefore public authorities are able to control the governance of the SPV. The total value of the project is €1,9 billion, private funding reaches €620 million, 33% of the total. The building contractor is a consortium headed by Salini-Impregilo Spa, among the pool of financing institutions Banca IMI and BNP Paribas, together with public financing institutions such as the European Investment Bank and Cassa Depositi e Prestiti.