ANNOUNCEMENT 22 Jul 2020

On 22 July 2020, the EIB provided financing worth EUR 30 million (USD 34 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 22 Jul 2020 | Removal date: open ended

State loan

On 22 July 2020, the European Investment Bank (EIB) and Pagopa Spa signed an agreement worth EUR 30 million (approx. USD 34 million) for the project Pagopa Digital Transformation Italy from Italy. The total cost of the project is estimated at EUR 64 million.

According to the project description issued by the EIB, The project relates to the development of new functionalities of the digital platforms and solutions managed by the promoter to achieve readiness for launch, expand the scope of services provided, facilitate on boarding of the Public Administrations, accelerate adoption by citizens and improve user experience..

The objective of the project is defined as following: The ugrade of an innovative single digital platform will enhance the use of cashless payments between public entities and citizens/businesses to settle their financial obligations towards the public administration for services provided. The project is fully in line with the eGovernment Action Plan 2016-2020 of the European Union aimed at accelerating the digital transformation of government. The payment system facilitates the interaction of citizens and business with public administrations, in line with the policy priority of the action plan. Additionally, high-quality public services will be created to include a convenient way of payment, especially if these services are provided digitally. Thus, the project is essential to improve the quality of public services in Italy..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

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