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European Investment Bank

European Investment Bank


GBP 67m for a further 7 new schools in the UK

The EIB has agreed to support the construction of seven new secondary schools in Hertfordshire, Berkshire and Bedfordshire that will improve education facilities and school life for thousands of children. The project represents the second batch of the Priority School Building Programme, under which the Bank confirmed funding for twelve schools in the UK’s north-east earlier this month.

 

EIB provides EUR 200m to support strategic investments in Latvia

The EIB and the Latvian Ministry of Finance have established a EUR 200m loan facility to support investments in energy, sustainable transport, infrastructure and, for the first time, also in rural development. The loan agreement signed by EIB Vice-President Pim van Ballekom and Latvia’s Finance Minister Janis Reirs will help Latvia to successfully absorb EU Structural Funds over the period 2014–2020.

 

EIB Group welcomes common position of EU Member States for EFSI regulation

EIB President, Werner Hoyer, has welcomed the Council’s General Approach on the Regulation establishing the new EFSI: “The speed with which the Council came to a common position is encouraging.  EFSI must be created rapidly so we can scale up our activities and start delivering on the ambitious objective of mobilising more than EUR 315 billion euros in investment.”

 

EIB reaffirms support to social and economic development in Egypt

EIB Vice-President Ambroise Fayolle has signed a EUR 120m loan to support private sector companies in Egypt whilst attending the Economic Development Conference in Sharm El-Sheikh. The Bank has identified further projects in the areas of transport, energy, lending to SMEs and support for the private sector worth over EUR 2bn, which it seeks to finance in the years ahead (2015-2017).

 
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