Thread: EIB Offers 550 Million Euro to Costa

Costa Crociere announced it has received a 550 million euro loan from the EIB, the European Investment Bank, to help finance the construction of four new vessels. The financing will be made available to Costa over a three-year period, coinciding with the deliveries of new ships. It is the first time the EIB has offered financing based on a cruise line’s newbuilding program, according to Costa.EIB stated that Costa contributes more than 100 million euro a year in tourism revenues in the Baltic and the Mediterranean, where its ships sail, and significant employment in the areas in Italy that are within the EIB’s areas of interest.


(source: Cruise Industry News | Cruise News)

That's good news. Obviously, they're doing good business in Europe and the Med.