USD271 million funding raised for Italy - France A32 motorway modernisation project

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The European Investment Bank (EIB) has contributed EUR105 million (US$115 million), Italy's Cassa Depositi e Prestiti EUR92 million (US$101 million), and UniCredit EUR50 million (US$55 million) for modernization and safety work on the A32 motorway that connects northwest Italy and France via the Frejus tunnel.

Encompassing an 80km span of the road, the project entails enhancements to bridges, viaducts, and tunnels. Additionally, LED technology will be integrated into the lighting systems, and the incorporation of noise barriers is planned. This collective investment aims to establish a secure and dependable transit link between Italy and France, streamlining the transportation of both goods and individuals.

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