Italy’s Digital Transformation is well underway as it strives to make its cities smarter. The first Italy of smart and sustainable cities report, was recently presented in Rome.

It emerges that in Italy an increasing number of municipalities have started to plan smart cities and, according to estimates, by 2027 investments in ICT solutions for smart cities will grow to around €1.6 billion, while globally total spending on smart cities will reach a value of over US$1 trillion.

At the end of last year, the European Investment Bank (EIB) showed its support for the development of smart cities in the country by announcing a €200 million framework loan to support the municipality of Florence’s 2022-2027 investment plan. It said that the planned actions will contribute to urban regeneration, the redevelopment and energy efficiency of public buildings and the advancement of sustainable mobility. Since 1998, the EU bank has provided €1.06 billion to Florence across nine operations.