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30 June 2022 The on-line newspaper devoted to the world of transports 03:29 GMT+2

June 13, 2022

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Agreement between the AdSP of the Eastern Adriatic and Intesa Sanpaolo for the development of port activity and economy

Allocated a ceiling of one billion euros of new credit

The Port System Authority of the Adriatic Sea Orientale has signed an agreement with the Intesa banking group Sanpaolo for the development of port activities and of the economy connected to it with important positive impacts also for the hinterland of Trieste, for which it was allocated a ceiling of one billion euros of new credit. The initiative - specified the bank - is part of the projects envisaged by Motore Italia, Intesa Sanpaolo's programme of funding and initiatives to enable small and medium-sized enterprises enterprises both to overcome the phase of difficulty caused by the pandemic crisis and both to relaunch through development projects and growth, in line with the objectives of the National Plan of Recovery and Resilience (PNRR).

In particular, the agreement has among its objectives the push to resumption of sustainable 4.0 investments of small and medium-sized enterprises businesses and growth through the use of finance extraordinary and digitalization, promoting and supporting national and territorial structural projects, development programmes individual and supply chain entrepreneurial and high-impact initiatives economic and social that can attract investors.

"The relaunch of the port - said the president of the AdSP, Zeno D'Agostino, commenting on the agreement with Intesa Sanpaolo - presupposes a financing component that is not generated by the System Authority, and that is definitely higher than that generated by the public. A development that starts from the docks to embrace logistics activities and industrial within the free port needs to be also supported by financial instruments suitable for a model complex like ours and, from an integration between the public world and private. The agreement with Intesa Sanpaolo goes precisely in this direction, inserting itself into a harmonious development plan that is the prerequisite of the overall growth vision of our port system'.

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