Agreement with Roma Capitale for advisory services on public-private partnership initiatives

Agreement with Roma Capitale for advisory services on public-private partnership initiatives

Mayor Gualtieri and CEO Scannapieco sign deal at the Campidoglio  

The CDP Group continues to demonstrate its commitment to the development of Roma Capitale, Rome’s municipal government. Rome’s mayor Roberto Gualtieri and CDP’s Chief Executive Officer Dario Scannapieco have signed a memorandum of understanding to evaluate public-private partnership initiatives in areas that are key to Rome’s transformation.  

CDP will provide technical and financial consultancy for projects of significant strategic importance that the city’s administration intends to carry out in partnership with private entities. These relate to investments in waste recycling, energy efficiency, sustainable mobility, telecommunications systems and urban regeneration.

The initiatives that will fall under CDP's advisory activity are consistent with the areas of intervention set out by InvestEU, a European Union programme to stimulate investment, which Cassa also provides strategic advisory services to, in line with the advisory agreement it signed in July 2022 with the Commission, for:

  • helping authorities throughout all project phases, from planning to final implementation
  • attracting private resources through public-private partnerships
  • boosting authorities’ ability to manage the financial and regulatory aspects of projects.

In terms of the evaluation of public-private partnership initiatives, the collaboration will involve CDP supporting the appraisal of projects from an administrative, financial and technical perspective. The Group will also support Roma Capitale in outlining the public utility of the interventions, with regard to interaction with other parties involved and the preparation of tender documentation. 

The two parties are already working on establishing a detailed programme of activities and related timelines. The memorandum has a duration of 24 months, which may be renewed. Luca D'Agnese, Policy, Evaluation and Advisory Director and Fabio Barchiesi, Head of Coordination, Planning Implementation and Strategic Initiatives, worked on the deal for CDP. 

Alongside the city’s own resources, European and national funding plays a key role in implementing the many important projects for the transformation and sustainable development of Rome that our administration is carrying out. But it is also essential to establish forms of public-private collaboration that allow us to achieve two very important results: on the one hand, the chance to secure considerable additional resources, and on the other, the opportunity to facilitate the implementation, and then the management, of particularly complex interventions that require specific experience and skills. Roma Capitale is evaluating a series of strategic projects, which are worth around €2 billion in total, in partnership with private entities in areas that are key to the city’s future. The agreement with CDP, for which I thank Dario Scannapieco and the entire Group, will provide significant impetus in our evaluation of these initiatives,” commented the Mayor of Rome, Roberto Gualtieri.

We are very proud of our role as Advisory Partner to the European Commission for the InvestEU initiative, which means we can help extend and enlarge the impact that EU funds and programmes have on the Italian economy. We strongly believe in the opportunities that derive from our ability to act as a bridge between public and private partners to support the improvement of infrastructure. This applies especially to social and urban infrastructure, which is one of the priorities of Cassa Depositi e Prestiti. CDP intends to continue to be a leading player in supporting public entities to promote and accelerate the country's development, leveraging innovation and sustainability. And to this end, today we are signing an agreement with Roma Capitale which further strengthens CDP's service model in support of Italy, with sustainability at its core,” said the Chief Executive Officer of Cassa Depositi e Prestiti, Dario Scannapieco.