Italy's prime minister ready invest €1.5bn in Expo site over 10 years.
Prime Minister Matteo Renzi has revealed government plans to build a “technopole” on the site occupied by this year’s Expo Milan 2015.
Called “Human Technopole 2040”, the project would be led by the Genoa-based Istutito Italiano di Tecnologia (IIT), and study the human genome and large-scale data collections, nutrition and robotics, according to Renzi's plan.
To finance the project, the government is prepared to invest €150 million per year over the next ten years.
The Expo site would also host a scientific campus of Milan’s State University with lecture halls, labs and lodgings for 1,000 to 1,500 students, as well as a mini-Silicon Valley and science hub.
All these projects are planned for the central part of the Expo grounds, close to the Tree of Life.
For the rest of the 1.1 million sqm site, as big as 154 soccer fields, a public park and sport facilities are planned at one end. The other end may house city administrative offices such as state archives, the customs service, vehicle registration offices and tax collecting agency. At present these occupy rented accommodation around the city, although this plan is not yet definitive.