Italian Football Federation commissioner Luca Pancalli believes that Italy have a good chance of winning the right to host Euro 2012.
The peninsula are short-listed to stage the European Championships along with dual candidates Croatia-Hungary and Poland-Ukraine, with the final decision to be made by UEFA in Cardiff on April 17 and 18.
"We have worked hard to finalise the process needed to support our bid," said Pancalli on Wednesday after the FIGC and the Italian Government signed a joint protocol in Rome.
"We have all the necessary requirements as to the infrastructures and facilities. Also, we are in the vanguard when it comes to hospitality.
"The Government will also support the renovation process of the stadiums," continued the FIGC chief. "In three important cities such as Torino, Napoli and Palermo, we will build new arenas which will comply with the European standards."
Italy submitted their dossier to UEFA in February despite calls from some quarters in Italy for them to pull out of the candidacy race following the Sicilian violence. "The entire world of Italian football is committed to the bid," the official declared at the time.