Sustainable transport, renewable energy, industrial innovation, social housing, internet and mobile telecommunications investment will benefit from EUR 5 billion of new financing approved by the European Investment Bank (EIB).
During the two-day meeting in Bucharest this week the Board of the European Investment Bank decided to support transformational projects across Europe, Asia, Latin America and the Middle East.
“Europe works – it has never been as important to recall this fact as it is today. And the EIB works extremely well. We demonstrate it every day in a very concrete way. In July we exceeded our target under the Juncker Plan, mobilising 335 billion Euros in new investment across Europe since 2015. We are already busy working towards the 500 billion EFSI 2020 objective set by the Council, the Parliament and the Commission. We shouldn’t forget that this comes on top of the operations the EU Bank finances as part of its normal activity in the EU and beyond, which deliver strong, concrete benefits to Europeans and those outside the Union,” said Werner Hoyer, President of the European Investment Bank.
Original source: EIB
Published on 18 September 2018
