The Board of Directors of the European Investment Bank (EIB) approved a total of EUR 2.4 billion of new financing to improve public services, upgrade infrastructure and strengthen private sector investment.
“The projects the EU Bank approved today will help people in very concrete ways: getting them quicker where they want to go, giving them access to cleaner water, helping them find affordable homes and get better hospital treatment. The EIB is Europe’s climate bank, and projects like the ones we approved today help us tackle climate change and its consequences, a challenge that is becoming an ever more urgent priority for Europe and the world”, said Werner Hoyer, President of the European Investment Bank.
The EIB agreed to provide EUR 905 million of new financing for five transport projects in Austria, France, Germany, Latvia and the Netherlands. Once completed, this investment will reduce journey times for commuters in Paris, Amsterdam and northern Germany.
The EIB approved EUR 177 million of new long-term investment to improve water supply, wastewater treatment and flood protection in Kosovo, Belarus and the Netherlands.
The EIB board approved more than EUR 1 billion of new financing to directly support innovation and research and back private sector investment by companies in Spain and Cyprus in cooperation with local banks.
The EIB will provide financing to support the construction of 1,300 new social and affordable homes in Berlin and the construction of a state-of-the-art hospital serving 430,000 people in the Belgian city of Charleroi.
Original source: EIB
Published on 14 March 2019
