EIB approves EUR 7 billion for new social housing, clean energy, transport and business investment

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

“This week’s meeting in Zagreb demonstrates the EU Bank’s close engagement with Croatia. May I thank Prime Minister Andrej Plenković, Finance Minister Zdravko Marić and their colleagues for their warm welcome and for Croatia’s valuable support for the EIB. Here at our Board in Zagreb we approved EUR 7 billion of new investment that will improve homes, reduce carbon emissions and enhance education, healthcare and business growth.” said Werner Hoyer, President of the European Investment Bank.

Ten projects approved by the EIB board will be guaranteed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Juncker plan.

Original source: EIB
Published on 11 September 2019