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Italy: Terna, EIB provides second and third tranches of €1.9 billion loan for Tyrrhenian Link

Christian Fernsby |
Terna signed agreements with the European Investment Bank (EIB) for the second and third tranches of the € 1.9 billion loan for the Tyrrhenian Link, the submarine electricity cable connecting the Italian peninsula with Sicily and then to Sardinia.

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For the infrastructure, which will be fully operational in its entirety by 2028, Terna plans an overall investment of around € 3.7 billion.

The loans, which duration is, respectively, of approximately 22 years from the date of the relevant utilisation, have a longer maturity and more competitive costs than those generally available on the market, in line with Terna's policy to optimise its financial structure.

These new transactions bring total EIB financing for Terna to € 3.4 billion, in addition to the remaining € 500 million for the further tranches of the loan for the Tyrrhenian Link already approved by the Bank.


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