EIB LOANS TO ITALY FOR INDUSTRY AND TRANSPORT
The European Investment Bank said it
was advancing loans to Italy worth a total of 318.5 billion
European Currency Units, equivalent to 460.6 billion lire, to
finance transport, industry and infrastructure projects.
    It said 40 billion lire will go to state airline Alitalia
for the purchase of 10 McDonnell Douglas Corp <MD.N> MD82
aircraft.
    A further 14 billion lire loan will be made to the internal
Italian airline Alisarda for the purchase of one MD82 and the
improvement of an airport on the island of Sardinia.
    The bank said among the other loans was one of 40 billion
lire to Ing C. Olivetti SpA <OLIV.MI> unit Olivetti Peripheral
Equipment SpA.
    The money will help to enlarge a factory which produces
data processing equipment in the Piedmont region.
    The bank gave no details of the interest rates and other
terms for the loans. This is in accordance with its normal
policy.
 REUTER
