Infrastructure gets €7.3bn in new EIB loans
The European Investment Bank (EIB) has approved €7.3bn (£6.3bn) of new loans and has launched a discussion on extending its Investment Plan for Europe.
Among the approved projects are wind parks in Greece, urban infrastruture in Latvia, Xylem water technology in countries including the UK, the A14 Vilnius to Utena highway in Lithuania and near-zero-energy buildings in Finland.
The loans include investment in strategic infrastructure, the environmental and knowledge economy as well as private sector schemes across Europe and around the world.
The €7.3bn is for 47 new projects; 18 of the loans - worth €2.8bn - will be backed by the European Fund for Strategic Investments. Plans to extend the fund, which is at the heart of the Investment Plan for Europe, were discussed for the first time and endorsed in principle by the EIB board.
In the margin of the EIB Board meeting the European Investment Fund (EIF) also signed the first investment in Malta backed by the EU budget guarantee under the European Fund for Strategic Investments.
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This article was published on 27 Sep 2016 (last updated on 27 Sep 2016).