Luxemburg, 05/12/2007 (Agence Europe) - The European Investment Bank has just lent €120 million to finance infrastructure work for urban development and environmental sustainability in Venice. The project, approved by the EIB's Board of Directors in July 2007, provides for the execution of infrastructure work required for the socio-economic development of the city, with an aggregate cost of €260 million.
The work will be carried out by companies controlled by the Municipality of Venice,...