Cassa Depositi e Prestiti SpA (CDP) is a prominent Italian investment bank founded on November 20, 1850 in Turin. Its main duty was to finance public works like roads and waterworks during the reign of Victor Emmanuel II of Italy, King of Sardinia-Piedmont. CDP is the major Italian institution for economic development through long-term investments at local, regional and national level and acts as the government's arm for executing public policy mandates.