EdgeConneX (EQT) will directly invest 3 billion euros to develop three data centers in Lombardy. The Council of Ministers grants the project national strategic investment status
Summary
EdgeConneX (controlled by EQT Infrastructure) will invest about €3 billion directly to build three next-generation data center campuses in Lombardy by 2031, targeting over 300 MW of capacity. The Italian Council of Ministers granted the project strategic national interest and the government may appoint a commissioner to speed permits so work can start in Q3 2026. Authorities and EdgeConneX expect up to €5 billion in additional indirect investment (the report cites an overall movement of €8 billion, while MIMIT has mentioned a €6 billion figure) and foresee about 1,500 construction jobs and 300 permanent roles. The Lodi site is planned as one of Europe's largest data centers and will support AI workloads with innovative energy and environmental solutions.