Italy to invest €50 million in Milano Expo 2015 ground conversion.
Central government has promised a €50m cash injection to ensure that the site of Expo Milan 2015 in Rho can be turned into an innovative project to serve the whole country.
The announcement was made by mayor Giuliano Pisapia after a meeting with agriculture minister Maurizio Martina and prime ministerial undersecretary Claudio De Vincenti to sign off the agreement.
A delighted Pisapia said this means that the Treasury would take up 40 per cent of the financing of Arexpo, the company owning and managing the grounds. At present the shareholdings are divided between the city of Milan, the region, the province, the town of Rho and the Fiera Internazionale di Milano.
“The decision marks a positive response to our request of some time ago,” said Pisapia. “Everything is ready now to press on with great determination with the plan we drew up in recent months to turn the Rho-Pero site into a great, innovative project including a university campus ... [for] research and agro-food studies, as well as one of Europe’s biggest parks.”
Details are still to be worked out on how and when redevelopment will start on the new “technopole”, but the grounds will not stand empty for long: there is already a plan to locate at least part of this year's 21st International Triennale there.
The Triennale, which runs from April to September this year, organises exhibitions on design, fashion, communications, media and takes place as its name suggests every three years. This year's theme is 21st century. Design after Design.
For more details on the Expo redevelopment see previous article