Archive | Source: European Investment Bank

Press Release: EIB signs a EUR 600m loan with Adif AV to finance the “Y Vasca” high-speed rail line

This infrastructure will make it possible to improve connections between the Basque capitals, as well as links between Madrid and the Basque Country, and Spain and France. Minister of Public Works and Transport Íñigo de la Serna attended the signing of a EUR 600m loan granted by the European Investment Bank (EIB) to Adif Alta Velocidad. This loan is the first tranche of EUR 1.03bn in financing approved by the EIB on 19 September, and will be used to complete the project to build a high-speed rail line between the three Basque capitals (the “Y Vasca”).

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Press Release: Energía, in conjunction with ICO and the EIB, launches energy efficiency credit line for hospitality, SMEs and large companies

The Spanish Ministry of Energy, Tourism and the Digital Agenda, in conjunction with the Instituto de Crédito Oficial (ICO) and the European Investment Bank (EIB), has implemented a EUR 100m credit line for energy efficiency improvement projects in the hospitality sector and for small and medium-sized enterprises and large companies in the industrial and commercial sectors.

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Press Release: EIB approves EUR 4.7 billion investment

The board of the European Investment Bank approved a total of EUR 4.7 billion of new financing for 30 projects across Europe and around the world at its meeting in Luxembourg today, including EUR 530 million for natural disaster recovery in Italy. Other approved operations included backing for road and rail transport, renewable energy and electricity interconnectors, industrial innovation, healthcare, education and off-grid solar energy.

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Press Release: France: EIB grants second EUR 1bn loan for Grand Paris Express

at the Paris InfraWeek event, the European Investment Bank (EIB) and Société du Grand Paris announced a second financing agreement worth EUR 1bn for the financing of Line 15 South of the Grand Paris Express. This brings the EIB’s total support for the project so far to EUR 2bn given that an initial EUR 1bn contract was signed in 2016. The new finance contract was signed by EIB Vice-President Ambroise Fayolle and Chairman of the Executive Board of Société du Grand Paris, Philippe Yvin, in the presence of Bruno Le Maire, Minister of the Economy and Finance.

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Press Release: EIB launches operations in Republic of Uzbekistan

The European Investment Bank (EIB) and the Republic of Uzbekistan signed today in Washington a framework agreement establishing the legal basis for the EIB’s activities in Uzbekistan, including the provision of finance and technical assistance. The EU bank can now support public and private sector projects in the areas of infrastructure, energy and energy efficiency and assist SMEs in the country. The Republic of Uzbekistan is the fourth state in Central Asia to establish a partnership with the EIB. Similar agreements have been signed with Kazakhstan, the Kyrgyz Republic and Tajikistan, which have already resulted in more than EUR 700 million of financing. Full article…

Press Release: New aeronautic manufacturing plant in Évora financed by the EIB under the Investment Plan for Europe

Mecachrome Aeronáutica has inaugurated today in Évora (Portugal) its new plant for manufacturing titanium parts for aircraft engines. The European Investment Bank (EIB) has financed the investments by the Mecachrome group with a EUR 40 million loan aimed at supporting the modernisation and expansion of its production capacities for advanced aero engine and aerostructure components at its factories in France and Portugal. Part of the project scope is in particular focused on the new factory inaugurated today in Portugal. The operation is guaranteed by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, the Juncker Plan.

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Press Release: Ethiopian companies to benefit from EIB backing for USD 100m private equity fund

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. The EIB’s USD 10 million participation represents the first backing for an Ethiopia focused fund and one of the first engagements with a single country private equity fund in Africa by Europe’s long-term lending institution. Full article…

Press Release: Record EIB loan in India: EUR 500m for Bangalore Metro

The European Investment Bank (EIB) will provide EUR 500 million to support the construction of a new 18 station Rapid Transit line in Bangalore and the purchase of 96 train cars for use on the line. This support for investment to expand the second longest urban metro system in the country is the largest ever EIB loan in India and also the largest ever support for sustainable transport outside Europe.

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Press Release: Investment Plan for Europe: EIB support to IP-Only will give high-speed internet access to over 400,000 Swedish households

The European Investment Bank (EIB) is supporting the expansion of the Swedish fibre network in cities and rural areas with EUR 125 million in debt financing over the next four years. The transaction with IP-Only, the country’s biggest independent network provider, was made possible by the European Fund for Strategic Investments (EFSI). EFSI is the central pillar of the Investment Plan for Europe, set up by the EIB Group and the European Commission to boost the competitiveness of the European economy.

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Press Release: EIB grants loan of EUR 50m to Raiffeisenlandesbank Niederösterreich-Wien

The European Investment Bank (EIB) is granting Raiffeisenlandesbank Niederösterreich-Wien AG (RLB NÖ-Wien) a global loan of up to EUR 50 million. At least 70 percent of the loan will be provided to SMEs and Mid-Caps, whilst the remainder will be dedicated to priority sector infrastructure investments in areas of environmental protection, knowledge economy, energy, health and education. Under the agreement, RLB NÖ-Wien undertakes to match EIB’s EUR 50 million loan with the same amount. The transaction is the third global loan with RLB NÖ-Wien in the past 10 years in addition to numerous bank intermediated investment loans. Full article…

Press Release: European Investment Bank agrees EUR 11.5 billion backing for transport, education, energy and private sector investment

The board of the European Investment Bank approved new financing totalling EUR 11.5 billion at its meeting in the Bulgarian capital Sofia today. Full article…

Press Release: EIB to finance construction of 524 energy efficient rented social housing units in Navarre with EUR 40 million loan under Juncker Plan

The agreement was signed in Pamplona today by EIB Vice-President Román Escolano and the President of the Navarre Region, Uxue Barkos. The ceremony was also attended by Pablo Zalba, CEO of ICO, the institution working with the EIB to implement the Investment Plan for Europe in Spain.  Full article…

Press Release: EIB supports the modernisation of water infrastructure in Portugal with a EUR 420 million loan under the Investment Plan for Europe

The European Investment Bank (EIB) is providing EUR 420 million to Águas de Portugal (AdP) and its operating subsidiaries to finance investments in water infrastructure in Portugal. This operation is guaranteed by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, the so-called Juncker Plan. A first tranche of EUR 220 million has been signed today in Lisbon by EIB Vice-President Román Escolano and the President and CEO of Águas de Portugal, João Nuno Mendes. Full article…

Event: EIB Investment in Digitalisation outside the EU (Brussels, 14 September 2017)

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Press Release: EIB donates EUR 500 000 to Portuguese REVITA fund for reconstruction after fires

The European Investment Bank (EIB) has provided a EUR 500 000 donation to REVITA fund, as part of the Bank’s response to the devastating forest fires in central Portugal that hit the country on 17 June 2017 causing many deaths and injuring more than 250 people. The EIB funds will be used for the reconstruction of destroyed homes to support the Portuguese people after the massive fires. Full article…

Press Release: Belgique : avec la BEI et Belfius, une rentrée scolaire à Flémalle sous le signe de la nouveauté et de l’action Climat

Depuis plusieurs années déjà, la commune de Flémalle en Province de Liège, s’attache à améliorer la performance énergétique de ses bâtiments et à contribuer ainsi, à son niveau, à réduire de 20% les émissions de CO2 sur son territoire d’ici 2020, comme elle s’y est engagée dans le cadre de la Convention des Maires. Une démarche qui s’est récemment traduite par la concrétisation de deux nouveaux projets «intelligents et durables» grâce au programme de financement Smart Cities, Climate Action & Circular Economy de la Banque européenne d’investissement (BEI) et de Belfius Banque.

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Press Release: EIB backs USD 120 million Sainshand wind farm in Mongolia

The Sainshand wind farm in Mongolia, the third privately financed wind farm in the country, will receive a USD 120 million project financing package from a group of international investors and financiers. Located 460 km south-east of Ulaanbaatar in the Gobi Desert, Sainshand Salkhin Park LLC is sponsored by French energy leader ENGIE, German project developer Ferrostaal, Danish Climate Investment Fund (DCIF) and Mongolian entrepreneur, Radnaabazar Davaanyam, with long-term financing provided by the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

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Press Release: Innovative financing for digital services in Sweden: EIB provides EUR 8 Million for inRiver under the Juncker Plan

The European Investment Bank (EIB) is providing inRiver AB, a Swedish developer of cloud computing based product information management software (PIM), with EUR 8 million in financing to boost the company’s competitiveness in a fast growing market. The transaction comes under the European Growth Finance Facility which benefits from the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.

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Press Release: EU bank signs first direct loan to a company in Georgia

The European Investment Bank (EIB) has directly financed a company in Georgia for the first time. The EU bank will provide a EUR 21.47m long-term loan to Tbilisi’s water utility – Georgian Water and Power (GWP) – to support its water and wastewater infrastructure development programme. EIB Vice-President Vazil Hudák today announced the signature of the loan together with GWP’s CEO Giorgi Tskhadadze. Full article…

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