Bank bridge loan to anticipate public financing in ATAP Biella-Vercelli
Group Company
Benificiary
Start Date
End Date
Project Status
Value
31.1 Mln/€
Instrument
Advisory
Sector
Mobility and Logistics
Segment
Enterprises
Financial planning for investments and negotiations with the banking sector to secure a loan facility for the advance release of public funds allocated to A.T.A.P., the local public transport operator serving the Biella and Vercelli area, to fund investments relating to the renewal of the bus fleet and refuelling facilities. The initiative resulted in €9 million in financing from Unicredit.
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