The European Investment Bank (EIB) has signed a €30 million financing deal with the City of Thessaloniki to back the city’s 2025-2030 investment program as part of its Climate Neutrality Plan 2030, the bank said. This is the second time the EIB has directly financed the city, following their 2015 partnership that delivered 46 urban development projects.
Thessaloniki is one of 23 EU cities given the European Commission’s Mission Label under the push for 100 climate-neutral and smart cities. The new EIB money will fund projects tied to the city’s Climate Neutrality Action Plan. These include sustainable urban mobility projects, energy upgrades for municipal buildings, modernized public infrastructure and urban spaces, and work to boost climate resilience.
“The EIB supports Greek cities in delivering investments that enhance resilience, improve citizens’ quality of life, and speed up the shift to climate neutrality. Our partnership with Thessaloniki shows how EIB financing can underpin integrated urban development strategies,” said EIB Vice-President Yiannis Tsakiris.
“The financing from the European Investment Bank lets us deliver on our development priorities, carry out infrastructure projects with environmental and social value, and upgrade public spaces,” said Thessaloniki Mayor Stelios Angeloudis. “The path toward a climate-neutral, smart, and sustainable Thessaloniki requires integrated strategic planning, consistent mobilization of all available funding, and targeted investment in building energy efficiency, infrastructure, and renewable energy.”
The Region of Central Macedonia is among the EU’s less developed regions for 2021-2027. The EIB financing helps strengthen economic and social cohesion by backing targeted public investments that support sustainable and balanced urban development.
