
Infrastructure: IMI CIB promotes dialogue in London on the UK's €846 billion plan
LONDON, July 15, 2025 (GLOBE NEWSWIRE) -- The IMI Corporate & Investment Banking Division of Intesa Sanpaolo hosted the conference 'Infrastructure and Growth Opportunities for Europe and the UK: Focus on the UK Infrastructure Strategy' in London, bringing together institutions, companies and investors to discuss the growth prospects linked to the United Kingdom's new ten-year infrastructure plan.
'Intesa Sanpaolo is playing a catalytic role in supporting investments alongside institutions, corporates, funds and investors to support the key projects of the United Kingdom's new 10-year infrastructure plan. Financing sustainable infrastructure, while supporting the so-called twin transition (green and digital), will continue to be a strategic pillar of the IMI CIB Division's strategy.'
Mauro Micillo, Chief of the IMI CIB Division at Intesa Sanpaolo
The United Kingdom's Plan outlines investments of more than €846 billion between 2025 and 2035, centred on three strategic pillars:
infrastructure works
energy transition
enhancement of social and environmental systems.
The Conference stems from the belief that a constructive public-private dialogue is key to accelerating projects that strengthen the competitiveness of the United Kingdom and Europe.
In 2024 alone, global project finance volumes surpassed €300 billion, with transactions involving Intesa Sanpaolo's IMI CIB Division representing around €45 billion — nearly 15% of the global total.
IMI Corporate & Investment Banking Division's Activities in the United Kingdom
The London branch of Intesa Sanpaolo's IMI Corporate & Investment Banking Division serves as the main hub for the UK & MEA Region, which also includes operations in Dubai, Abu Dhabi, Doha, and Istanbul.
In 2024, total financing volumes for corporate and financial institution clients in the Region amounted to approximately €8.5 billion (as of 31/12/2024).
Since 2023, the IMI CIB Division has participated in numerous international transactions originating in the United Kingdom, supporting transition and innovation, for a total value of approximately €11 billion.
Key projects supported by the IMI CIB Division include:
CO₂ transport and storage – Liverpool Bay T&S.
Acquisition of National Grid Transmission by Macquarie AM.
Renewables and energy efficiency operations with TRIG and SEEIT.
These initiatives confirm the Intesa Sanpaolo Group's ongoing commitment to enabling sustainable and digital transformation, in line with the Group's 2022–2025 Business Plan
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
3 hours ago
- Globe and Mail
UBS Group AG Announces Prior Acquisition of Common Shares of KuuHubb Inc. as a Result of Account Maintenance Procedures
ZURICH, Switzerland, July 18, 2025 /CNW/ - UBS Switzerland AG acquired 7,855,000 common shares (the " Shares") of KuuHuub Inc. (" KuuHuub") on December 18, 2024 as a result of the relinquishment of the Shares from a single financial intermediary client. The Shares were acquired for no consideration as a result of a normal course write-off procedure whereby the account holder voluntarily renounced any and all claims to the Shares. As a result of this acquisition, UBS Switzerland AG is considered as exercising control or direction over an aggregate of 13,420,000 Shares, representing approximately 20.82% of KuuHuub's 64,458,043 issued and outstanding Shares based on the number of outstanding Shares reported by KuuHuub in its Management's Discussion and Analysis dated May 30, 2023.


CTV News
4 hours ago
- CTV News
Task Force: Big pay raise for councillors, no pay raise for mayor, and maybe severance pay
The Council Resourcing Review Task Force (CRRTF) is leaning towards a substantial increase to councillors' base pay, but making no change to the model used to compensate the mayor. And the four-member task force remains divided over the issue of providing severance pay to a politician when they exit their seat on council following an election loss or choosing not to run again. The task force is awaiting data from Statistics Canada about full-time income in London, which will form the basis of their recommendation about council compensation, resourcing, and expenses. Currently, councillors receive the median (50th percentile) full-time income in London as measured by Statistics Canada. In 2025 that's equal to $67,420. On Friday, task force members discussed paying councillors somewhere between the 65th and 75th percentile— an amount that could be in the ballpark of $90,000. They'd receive an additional 4 per cent for chairing a standing committee, or an extra eight per cent if chosen to be the deputy mayor or budget chair. 'It's not a typical job, and so it probably shouldn't have a typical salary,' explained Task Force Chair Martin Horak after the meeting. 'A councillor in this city, with its $1 billion-plus budget, is a major responsibility. It's a complex, very demanding job. Councillors who do this job well are often working way over 40 hours a week.' 'With respect to mayoral pay, we think it's already there,' Horak added about the task force's decision not to discuss changing the mayor's compensation model. The mayor's base pay in 2025 is $163,188. The province added Strong Mayor Powers to the mayor's role this term. Those additional responsibilities include preparing a draft municipal budget, propose by-laws, and appoint or dismiss the City Manager and other senior managers. 'In some ways, [Strong Mayor Powers] can lessen their workload because it makes them more able to make quick decisions,' argued Horak. 'There's less of that need when you're using your strong mayor powers to spend all the time working behind the scenes building coalitions.' The question of compensating council members leaving their seat on council divided the task force. Horak told colleagues that many similar cities offer severance pay, averaging about one month of pay for every year of service on council. It's intended to smooth the transition back to regular employment after a period of public service. Horak argued against the practice. 'I don't really think it's appropriate,' he told colleagues on the task force. 'It sort of smacks of paying you if you lose.' He argued that London should continue to view a seat on council as a full-time role, not full-time employment, so traditional expectations of severance wouldn't apply. Horak added he wouldn't be comfortable with former politicians, 'remaining on the public dime when you are not elected.' In January 2024, council boosted the deputy mayor and budget chair positions by 12.5 per cent to recognize the additional workload. Those positions each earn $75,847 this year. Total benefits collected by each councillor add more than $20,000 annually to each member's compensation, including the option of receiving a vehicle allowance/reimbursement (up to $2,124). Councillors were also reimbursed for eligible expenses up to a maximum $13,500 in 2025. Fees to attend certain municipal conferences were also paid by city hall. The task force expects to have the StatsCan data in time for its next meeting in September.


Globe and Mail
6 hours ago
- Globe and Mail
Austria Data Center Market Revenue to Reach USD 1.10 billion by 2030: Driven by AI, 5G, and Sustainability Trends
"Austria Data Center Market?Research Report by Arizton" Get Insights on 21 Existing Data Centers Facilities across Austria According to Arizton's latest research report, the Austria data center market is poised to witness significant growth, with investments projected to reach USD 1.10 billion by 2030, growing at a CAGR of 15.18% from 2024 to 2030. Looking for More Information? Click: Report Summary Market Size (Investment): USD 1.10 Billion (2030) Market Size (Area): 163 Thousand Sq. Feet (2030) Market Size (Power Capacity): 37 MW (2030) CAGR - Investment (2024-2030): 15.18% Colocation Market Size (Revenue): USD 257 Million (2030) Historic Year: 2021-2023 Base Year: 2024 Forecast Year: 2025-2030 AI Momentum Spurs High-Density Data Center Investments Across Austria Austria's growing adoption of Artificial Intelligence (AI) across public and private sectors is driving significant demand for high-performance data center infrastructure. To meet the processing requirements of AI workloads, often reliant on advanced GPUs and TPUs, data center operators are investing in AI-ready facilities across key Austrian cities. These next-generation centers are designed with rack densities exceeding 20 kW and feature advanced liquid cooling systems to support intensive computing environments. Government and institutional backing are reinforcing this momentum. Initiatives such as AI Austria, an independent platform fostering collaboration between academia industry, and government, are advancing the national AI agenda. In a notable example, DeepOpinion, a local AI startup, demonstrated the transformative potential of AI by automating complex insurance claim processing, an operation previously requiring hours, into a task completed in under 90 seconds. This reflects Austria's readiness to support enterprise-scale AI deployments, underpinned by robust digital infrastructure. Key Enablers for Data Center Investment The Austrian government has introduced a national AI strategy to promote ethical use of AI, support innovation, and enhance public benefit. Over 88% of Austria's electricity in 2024 came from renewable sources, supporting low-emission and energy-efficient data center operations. The Ö-Cloud Initiative, backed by the government, helps businesses and individuals use secure, GDPR-compliant cloud services. The Digi Scheck program offers financial support to individuals to improve their digital skills through certified courses. Austria's Cybersecurity Strategy focuses on building secure digital systems and raising public awareness about online safety. Austria's 5G Rollout Accelerates Edge Data Center Development Austria's growing 5G network is creating strong demand for localized data infrastructure, driving increased investment in edge data centers. With over 90% of the population now covered by both standalone and non-standalone 5G services, telecom leaders such as A1 Telekom Austria Group, Magenta Telekom, and Drei are driving nationwide coverage across urban hubs and industrial zones. This robust 5G infrastructure is creating strong demand for low-latency, high-speed data processing, fueling investments in edge data centers across the country. These facilities are essential to handle localized workloads, reduce data travel time, and support real-time applications. In a notable example, a collaboration between Nokia, A1, and Microsoft in February 2024 tested 5G Edge cloud network slicing in Vienna, enabling real-time HD video streaming via mobile devices. Designed to benefit industries such as healthcare, retail, transport, and media, this advancement highlights Austria's readiness to support the next generation of digital services. Austria Strengthens Sustainability Focus Across Data Center Landscape As Austria advances toward its national goal of becoming carbon-neutral by 2040, sustainability has become a central pillar in the country's data center development strategy. Operators are increasingly aligning with green standards, integrating renewable energy, enhancing operational efficiency, and adopting circular practices such as waste heat recovery. Backed by a renewable energy mix that already powers over 85% of Austria's electricity, led by hydro, solar, wind, and bioenergy, data centers are well-positioned to operate with low environmental impact. Recent frameworks like the Bundes-Energieeffizienzgesetz (EEffG) and the Austrian Ecolabel (UZ80) are reinforcing the shift by promoting responsible energy use and long-term environmental accountability. Leading operators are already implementing forward-looking solutions. For instance, Digital Realty's Vienna facility supports nearby hospital heating needs through waste heat utilization, cutting nearly 4,000 tons of CO₂ annually, while also running entirely on renewable power. Why Invest in This Austria Data Center Market Report? This in-depth research offers a 360° view of Austria's evolving data center landscape, providing actionable insights into market sizing across investment, IT load capacity (MW), and colocation revenue. The report maps over 19 existing and 2 upcoming third-party data center facilities across 8+ key cities, with granular breakdowns of area coverage, IT load comparisons, and pricing trends across retail and wholesale colocation segments (2021–2030). It also provides a strategic assessment of investments segmented by colocation, hyperscale, and enterprise operators, and by core infrastructure areas, IT, power, cooling, and construction services. Supported by robust forecasting, transparent methodology, and competitive vendor profiling, this report equips stakeholders with the clarity needed to evaluate opportunities, benchmark competition, and navigate Austria's growing digital infrastructure ecosystem. The Report Includes the Investment in the Following Areas: IT Infrastructure Servers Storage Systems Network Infrastructure Electrical Infrastructure UPS Systems Generators Transfer Switches & Switchgears PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Rack Cabinets Other Mechanical Infrastructure Cooling Systems CRAC & CRAH Units Chiller Units Cooling Towers, Condensers & Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & Commissioning Services Engineering & Building Design Fire Detection & Suppression Systems Physical Security Data Center Infrastructure Management (DCIM) Tier Standard Tier I & Tier II Tier III Tier IV Vendor Landscape IT Infrastructure Providers Atos Cisco Systems Dell Technologies Fujitsu Hewlett Packard Enterprise Huawei Technologies IBM Juniper Networks Lenovo NetApp Supermicro Data Center Construction Contractors & Sub-Contractors Ardmac blu-3 Dipl.-Ing. H. C. Höllige GmbH Ethos Engineering Hanley Pepper Consulting Engineers ICT Facilities ISG Linesight RKD ZAUNERGROUP Support Infrastructure Providers 3M ABB Alfa Laval Baudouin Carrier Caterpillar COOLtec Systems Cummins Cyber Power Systems Danfoss DEIF Delta Electronics Eaton EPS Electric Power Systems GE Vernova Genesal Energy Güntner Hitachi Energy Honeywell INNIO Group Legrand Mitsubishi Electric Piller Power Systems Rehlko Riello Elettronica Group Rittal Schneider Electric Siemens Socomec Group STULZ Teksan Toshiba Corporation Trane Vertiv Data Center Investors A1 Telekom Austria Group AtlasEdge Digital Realty GRZ IT Center GmbH Magenta Telekom NTT DATA Raiffeisen Informatik GmbH & Co KG STACKIT New Entrants Microsoft Other Related Reports that Might be of Your Business Requirement France Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Ireland Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Key Questions Answered in the Report: How big is the Austria data center market? How many existing and upcoming data center facilities exist in Austria? How much MW of power capacity will be added across Austria during 2025-2030? What is the growth rate of the Austria data center market? What factors are driving the Austria data center market? Who are the key investors in the Austria data center market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.