Italy highway widening funding found

Funding has been sourced to pay for widening work on Italy’s important A4 Autostrade. The section from Venice to Trieste will benefit from a finance package worth €600 million from the European Investment Bank (EIB) and the Italian bank Cassa Depositi e Prestiti (CDP). The funding will be supplied to 5372 Autovie Venete, the Italian motorway concession firm. This will pay for the construction of third lanes for the highway in either direction, helping boost capacity. The route has been identified as being strategic to the EU. The A4 route runs between Italy’s western and eastern borders in the north of the country and is amongst the most heavily used routes in the country and also carrying a high percentage of large trucks and through traffic.