Southern Italy’s investment shortfall

The south of Italy is failing to upgrade its old and inadequate water infrastructure, despite having leakage rates of over 40% in some parts of the network and stop-go drinking water supply for as much as 70% of the population in some southern regions during the summer months, a report by Italian financial newspaper Sole 24 Ore has revealed.

Data from the Cassa Depositi e Prestiti (the postal savings and lending bank) show that in 2000 the south only managed to spend 22.7% of the total amount of loans given out by the Cassa. This is in stark contrast to the north, where nearly 150 billion lire (€77.5 million), equal to 53.7% of the loans, were ...

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