The EIB will provide EUR 40 million to the Italian Avio aimed to support the development of new products and technologies related to space propulsion systems through Research and Development activities as well as the modernization and the expansion of the production capacity at the facilities in Colleferro (Rome), the main company’s industrial site in Italy. This is the first EIB loan for a listed company under the “Italian risk sharing initiative” umbrella, the joint initiative of the EIB, the Ministry of Economic Development and the Italian Ministry of Economy, which aims to support investments in innovative projects promoted by small and medium-sized enterprises.
Breakthrough of the longest tunnel in Bosnia and Herzegovina
The ceremony held near Nemila village in Bosnia and Herzegovina marked the breakthrough of the left stretch of Golubinja tunnel located on the Pan-European Corridor Vc. As the longest in the country stretching some 3.6 kilometres, the tunnel situated between the cities of Žepča and Zenica forms part of the Poprikuše – Nemila motorway section. Upon completion of this project, travel time from Sarajevo to northern parts of the country will be reduced significantly, thanks to the bypassing of the existing road through the canyon of the River Bosna.