EIB OKs EUR 7.3 B for Investment in Europe
- Tweet
Send to Kindle
The European Investment Bank (EIB) has said it has approved EUR 7.3 B in loans for investment across Europe and around the world.
At a meeting in Malta's capital Valetta, its Board of Directors gave the green light for the funding to be allocated to strategic infrastructure, the environmental and knowledge economy as well as private sector schemes.
Of these loans, eighteen, to the tune of EUR 2.8 B will be backed by the European Fund for Strategic Investments (EFSI). The financing will be for 47 new projects.
Some EUR 2.2 B will be allocated for the upgrade of railroad infrastructure in Lithuania and Poland, new passenger trains for use in the UK, Belgium, Germany and Ukraine and new schools across Ireland.
Some EUR 40 M will be earmarked for new support or social housing and private investment in Malta itself.
The EFSI, part of the EIB group, is one of the three pillars of the EU investment plant - known as the "Juncker plan" - that is aimed at unlocking EUR 315 B in new investment across Europe.
Hungary Braces for Crucial Election as Orban and Opposition Draw Massive Rival Rallies
Hungary’s political divide was on full display in Budapest on March 15, as rival camps mobilized hundreds of thousands of supporters during the country’s national holiday
French Soldier Killed in Iraq as Iran War Spreads Across the Middle East
The widening conflict linked to the war with Iran has claimed the life of a French soldier in Iraq, while drone attacks and missile launches continued to shake the Middle East on Friday
Bulgaria Ordered by EU Court to Allow Legal Gender Reassignment
The European Court of Justice (CJEU) has ruled that Bulgaria must establish clear and effective procedures for the legal recognition of gender identity, including the ability to update personal documents such as identity cards and birth certificates.
European Parliament Demands North Macedonia Honor Treaty Obligations with Bulgaria
The European Parliament has reaffirmed that North Macedonia must continue implementing the Treaty of Friendship, Good-Neighbourliness and Cooperation with Bulgaria, as well as the Prespa Agreement with Greece, in line with the EU’s Negotiating Framework
Europe on the Brink: Returning to Russian Oil Would Be a Catastrophe, von der Leyen Says
Europe would be making a strategic error if it sought to address soaring energy prices by returning to Russian fossil fuels, European Commission President Ursula von der Leyen stated on Wednesday
Von der Leyen Warns EU: Turning Away From Nuclear Was a Strategic Error
European Commission President Ursula von der Leyen has called the European Union’s decision to reduce its reliance on nuclear energy a strategic misstep, highlighting the bloc’s dependence on imported fossil fuels
