EIB approved EUR 4.3 bn of financing for 20 projects located across Europe, and around world
EUR 3 billion new financing to strengthen private sector investment
New EIB lending programmes and financing initiatives totalling EUR 3 billion to support private sector investment were approved by the Board.
These includes financing for new business investment with local partners in Greece, Italy and Poland. Small business financing schemes outside Europe will be supported in Turkey and Egypt were also approved.
Research and development investment by companies in France, Germany, Italy and Spain will also be financed through direct corporate lending.
Unlocking new investment in sustainable transport
The EIB is expected to provide EUR 575 million for new transport investment. This includes backing investment in low energy lighting for Belgian roads and financing two motorways in south-eastern Spain.
Improving health and hospital infrastructure
Two health projects totalling EUR 327 million were approved by the EIB Board. These include construction of a new medical simulation centre at Poznan Medical University in Poland and renovation and extension of hospital buildings in Helsinki.
Improving clean energy generation and distribution
The Board approved EUR 303 million of new financing for energy investment in Hungary, France and central Asia. This includes support for construction of six new biogas plants and rehabilitation of the Kairakkum hydropower plant in Tajikistan, operational since 1957.
Investment Plan for Europe
Financing totalling EUR 837 million for 7 different schemes backed by the Investment Plan for Europe, and guaranteed by the European Fund for Strategic Investments, was approved by the EIB board.
EFSI projects include energy efficiency investment in Belgium, corporate research and development in Germany, Greece, France and Spain, and support for investment by entrepreneurs in Poland.