The European Investment Bank (EIB) yesterday signed a €500 million finance contract with Terna for the east section of its Tyrrhenian link connecting Sicily with Campania. The aim of the Tyrrhenian link is to connect Sicily with Sardinia and the Italian peninsula via a 970 km, 1,000 MW DC double submarine cable, contributing to the development of renewable energy sources, power grid reliability and energy security. The loan s is the first tranche of a total of €1.9 billion approved by the EIB for the Tyrrhenian link. Terna is planning an overall investment of around €3.7 billion for building the Tyrrhenian link, with the submarine electricity cable connecting the Italian peninsula with Sicily (East section, whose first cable will be operational at the end of 2025) and then to Sardinia (West section). The infrastructure will be fully operational in 2028. It is estimated that around 250 companies will be involved in the implementation of the project, with important spin-offs for the Regions involved.
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