The $75 million loan for the fourth development project for southern Italy will continue the Bank's support for the Cassa program with new projects in irrigation, power, and industry.
The Fourth Development Project for southern Italy will further support the 12-year plan for economic development in the region. The ten industrial projects, one irrigation project, and three power projects are all designed to meet the established needs of the southern Italian economy. The $25 million Flumendosa irrigation project, an integral part of the Cassa program in Sardinia, will increase agricultural production on the island. The three power projects, two on the mainland and one in Sicily, are to meet the growing demand for electricity. The various industrial plants will complement the projects of the Cassa program.
The report describes and appraises the fifteen industrial, irrigation, and power projects.
Groenveld visits Italy to investigate two new irrigation projects in the Cassa program (Flumendosa and Volturno) and also to pay an end-use visit to the region of the Catania irrigation project (1854139).
Italian President Gronchi and President Black review the progress of the Cassa per il Mezzogiorno loan and discuss the future relationship between the Bank and Italy (1854139).
The memo contains a timetable for the fourth Cassa loan agreed at a meeting of the Working Party. The loan signing is planned for August 31, 1956 at 5:15pm (1854139).
The profile contains project and financial information and lists of project documents and archival records.
Worker on the assembly line in an Italian automobile plant (1724403; Credit: The World Bank).
Progress on the Italy Power Agriculture and Industry Project (1724403; Credit: The World Bank).
Nov. 1, 1955
The report focuses on the Southern Italy Development Program and includes an interview with two Bank officials (30373751).