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EIB Announces EUR 7 Billion Infrastructure Package for Croatia

Infra News - Published on Tue, 17 Sep 2019

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The European Investment Bank has agreed EUB 7 billion of financing for projects in the fields of social housing, clean energy, sustainable transport, telecoms, health and education. The plan was approved by the bank’s board of directors, during a meeting in Zagreb ahead of Croatia’s presidency of the EU. Among the clean energy schemes to be funded were the construction of a 94MW wind farm in northern Poland, renewable energy projects in Cyprus and seven solar power plants in Morocco. As well as specific projects, there was support for research into renewable energy, backing for equity investment in wind, solar and small-scale hydropower schemes across Europe as well as clean energy infrastructure in Africa.

The meeting also approved more than EUR 1.4 billion for transport investment. This will includes the upgrading of trams in Amsterdam, metro trains in Barcelona and urban transport in Szczecin, Poland. There will also be investment to expand electric vehicle charging across Italy and support for digital and automated transport research.

However, the bank will finance the expansion of Finland’s main airport in Helsinki and the construction of Heraklion airport in Crete. Social housing will receive a EUR 630 million boost. This will include the construction of affordable, energy-efficient homes in Germany and Sweden and the rehabilitation of accommodation in France and Poland. Patients in Austria and the German region of Brandenburg will benefit from investment in primary healthcare centres and hospitals.

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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