InvestEU, agreement signed between the Metropolitan City of Milan and CDP

InvestEU, agreement signed between the Metropolitan City of Milan and CDP

Agreement signed between the two Institutions: Cassa Depositi e Prestiti will provide advisory services to local administration for the construction of schools and development of mobility projects with high impact in terms of sustainability
 

Promoting programmes for renovation of the school building stock and supporting pathways for the enhancement of local sustainable mobility infrastructure. These are the objectives of the Memorandum of Understanding signed between the Metropolitan City of Milan and Cassa Depositi e Prestiti.

The cooperation launched between the local administration and CDP aims not only to ensure the safety of the buildings involved, but also to carry out sustainable modernisation works by enhancing the role of schools as the core of urban regeneration processes. This integrated vision of the territory also emerges in the second pillar of the agreement, which envisages that CDP support the Metropolitan City of Milan in developing projects and infrastructure to enhance “soft” mobility, particularly cycling.

These are interventions which will have an overall positive impact on the quality of life in the area and on the health and safety of citizens. A path that can be achieved thanks to the advisory service provided by CDP and financed by the European Union, under the InvestEU Programme, and by Cassa Depositi e Prestiti itself.

The Metropolitan City of Milan intends to carry out renovation work on its building stock, with a view to reducing lease expenses, including through public-private partnership procedures. In particular, the feasibility and the most appropriate methods to construct a new school suitable to accommodate Liceo Caravaggio, currently located in a rented structure, are under assessment.

CDP, in its role as Advisory Partner of the European Commission, will offer the local authority its technical consulting services to define: (i) the procedures for carrying out and financing the works, (ii) the cost-benefit analyses envisaged by the Procurement Code, and (iii) evaluation of the technical and economic aspects of the entire project and assessment of the sustainability profiles and financial equilibrium of the project, in the event of recourse to public-private partnership.

To promote soft mobility, on the other hand, the Metropolitan City of Milan, as part of its “Biciplan Cambio” plan, is building light infrastructure dedicated to bicycle mobility (including assisted-pedalling mobility), capable of connecting the key areas of the city and for which it has also obtained PNRR resources.

Roberto Maviglia, Managing Director for School Construction in the Metropolitan City, notes that: “The PNRR unfortunately cannot be extended, so we must now think about how to finance the construction of new schools and ensure the maintenance of existing schools after 2026; in this respect, the collaboration with Cassa Depositi e Prestiti is strategic for us, in order to explore new avenues that will allow us to respond in a timely manner to the needs of the educational sector”.
Maria Elena Perretti, Head of Advisory at CDP, says: “Thanks to the support of the InvestEU programme, the agreement signed with the Metropolitan City of Milan allows us to play a strategic advisory role in two key sustainable development projects: on the one hand, a safe school designed in accordance with the principles of sustainable construction and with spaces suited to the needs of modern education; on the other, new infrastructure for soft mobility designed to encourage the use of bicycles as the main means of transport for neighbourhood travel, expected to have a strong impact on the local community in terms of safety and health. Through this collaboration, CDP consolidates its commitment to promoting the country’s sustainable development, generating tangible benefits for the community”.