Ispa

Following on what the 2007 Financial Law formalised, through the disposition of article 1 paragraphs 966-969, debts contracted by Infrastrutture S.p.A (ISPA) in the form of bonds and loans to finance the High Speed High Capacity (AV/AC) infrastructure project are directly assumed by the general government sector. The bonds are divided into eight series, of which three are at fixed rates, four at floating rates and one linked to Italian inflation calculated by ISTAT as per the harmonised index of consumer prices for families of blue- and white-collar workers, net of tobacco products.