Greece: Prime Minister Mitsotakis welcomes EIB backing for EUR 3 billion urban development and energy efficiency investment across Greece
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Friday, March 19, 2021
Implementation of hundreds of local sustainable urban investment schemes and energy efficiency projects in towns and cities across Greece will start following agreement for EUR 875 million of new long-term European Investment Bank financing confirmed today by Prime Minister Mitsotakis and EIB President Werner Hoyer.
Key Points:
- Implementation of hundreds of local sustainable urban investment schemes and energy efficiency projects in towns and cities across Greece will start following agreement for EUR 875 million of new long-term European Investment Bank financing confirmed today by Prime Minister Mitsotakis and EIB President Werner Hoyer.
- The EIB Group is committed to accelerating climate action and sustainable urban investment across Greece.
- The new EUR 875 million long-term financing agreed today will back EUR 3 billon of new investment in high-impact local projects under the pioneering Helektra energy efficiency and Antonis Tritsis sustainable urban investment schemes in the coming years.
- The new agreements represent the largest EIB support for energy efficiency and urban investment in 58 years of engagement in Greece.
- The Helektra programme will improve energy efficiency in public buildings nationwide and the Antonis Tritsis scheme will strengthen sustainable urban investment.
- EUR 500 million for sustainable urban development across Greece The EIB will provide a EUR 500 million 25 year loan to support the Antonis Tritsis scheme aiming to strengthen sustainable urban investment in town and cities across Greece.
- This will ensure that energy costs are reduced and carbon emissions cut for public buildings, and contribute to Greek and European energy efficiency targets.