(...) Why and how does the European Investment Bank get involved?
Salvatore: All those transactions are extremely risky, since there is huge uncertainty around the forecast cash flows. Therefore, we are only able to finance this kind of projects with special financial products, developed jointly with the European Commission, which provides the necessary back-to-back guarantee.
Another issue is that these digital platforms are very light on capital expenditures, CAPEX. (...)
Salvatore: All those transactions are extremely risky, since there is huge uncertainty around the forecast cash flows. Therefore, we are only able to finance this kind of projects with special financial products, developed jointly with the European Commission, which provides the necessary back-to-back guarantee.
Another issue is that these digital platforms are very light on capital expenditures, CAPEX. (...)
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