The EIB financing is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, the Juncker Plan. In Italy, the EIB said on 8 January that it is providing a €68 million loan to Ente Autonomo Volturno (wholly owned by the Campania Region) to purchase 40 new electric trains. The new fleet for the railway network serving Naples and the province of Naples, the so-called Circumvesuviana, will significantly relieve traffic congestion and considerably reduce pollution in the entire area. On 18 December 2019, the EIB concluded an agreement to provide a loan of €57.5 million to Vitalia Home. The financing will improve elderly care in Spain by enabling Vitalia Home to set up new centres using the “Homes to live in with gardens model” developed by the Spanish company. The EIB is also supporting Italian biotech company MolMed S.p.A. (MLMD.MI) with a credit line of up to €15 million over the coming years. The financing will support MolMed’s investment in research, development and manufacturing of innovative treatments for cancer and rare diseases.