Italian project bond: the Government approved further provisions aimed at addressing some of the investor’s concerns in connection with the envisaged guarantee mechanism

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Through the Ministerial Decree 7 August 2012, published on the Official Journal of 8 September 2012 (the “Ciaccia-Grilli Decree” or the “Decree”), the Ministry of Economic and Finance (“MEF”) in consultation with the Ministry of Infrastructure and Transport (“MIT”) enacted further incentives to promote privately financed investments in the infrastructure field.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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