EIB approves € 12.6 billion financing for transport, clean energy, urban development and COVID-19 resilience

The European Investment Bank (EIB) today approved 12.6 billion of new financing for projects across Europe and around the world.

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Friday, September 18, 2020

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The European Investment Bank (EIB) today approved 12.6 billion of new financing for projects across Europe and around the world.
New financing agreed today includes more than 3.1 billion of COVID-19-related investment to improve public health, strengthen public services and back investment by companies in sectors hit by the pandemic.
Since the start of the COVID-19 crisis, the EIB has approved 20.1 billion to enable public and private partners around the world to better tackle health, social and economic challenges.
The EIB Board, meeting by video conference, also backed investment in agriculture, water, housing, telecommunications and urban development across Europe, as well as in Africa, Asia and Latin America.
Fighting climate change and tackling the COVID-19 pandemic must go hand in hand to achieve a green recovery.
1.6 billion will be used to finance small-scale local climate action projects in France, Italy and across the EU, managed by experienced financing partners.
Improving urban development and social housing Thousands of families will benefit from new large-scale social housing investment across France and in Germany under new financing programs approved today.
The EIB Board also agreed to support the New Slussen urban development project that will transform of the heart of the Swedish capital Stockholm.