EIB – ITALGAS
May 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) is planning to lend up to Euro 200 million to Italy's leading gas distributor Italgas, to help it modernise, renovate, rehabilitate and expand its pipelines throughout the country. This low interest loan would help Italgas pay for a Euro 600 million programme for 2005-8, covering all areas where it operates. The aim, said an EIB memorandum was to "maintain standards of service to existing consumers as well as providing for growth in demand". The bank wants to see an "increasing penetration of gas in domestic, ...
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