That's too old for me. But the fork looks bent and the brake pads are upside down.
It could be a lowerend Bianchi contract built for some European market but my guess is, it's something else with the Bianchi and Colnago badges.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk