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EIB approves EUR 7 billion for range of activities

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Christian Fernsby ▼ | September 11, 2019
The European Investment Bank (EIB) has agreed EUR 7 billion of new financing.
European Investment Bank
Europe   European Investment Bank
This includes support for new investment to improve social housing, clean energy and sustainable transport, telecommunications, health and education.

Topics: EIB

The EIB also approved more than EUR 2.8 billion of new support for business investment through both direct financing and credit lines with local banks.

The EIB agreed to support construction of a new 94MW wind farm in northern Poland, financing for small-scale energy efficiency and renewable energy projects in Cyprus and seven solar power plants in Morocco.

New support for renewable energy research and innovation by a leading Spanish power technology company, backing for equity investment in wind, solar and small-scale hydropower schemes across Europe and financing clean energy infrastructure across Africa was also approved.

The Zagreb board meeting approved more than EUR 1.4 billion of new financing for transport investment.

This includes upgrading trams in Amsterdam, metro trains in Barcelona and urban transport in Szczecin, as well as new investment to expand electric vehicle charging across Italy and support for digital and automated transport research.

The EIB also agreed to finance expansion of Finland’s main airport in Helsinki and construction of a new airport on the Greek island of Crete in Heraklion.

The EIB Board approved EUR 150 million of new support for agriculture, tourism and manufacturing investment by companies across Croatia.