To fill the financial gap the government, with the agreement of the local authorities, would like to fall back on public sponsors without infringing EU law, which prohibits state subsidies. Specifically a treasury company by the name of Torino Evolution is to come to the rescue, the company itself being 51% controlled by the public agency for investment matters Sviluppo Italia and 49% by the Region of Piedmont, and the Province and City of Turin. The government has already pledged €80 m; a further €100 m must now be raised (to be provided by the inter-ministerial committee for economic affairs) - and the budget for the Games approved.
Source: CIPRA-Italia