The European Investment Bank (EIB) is pledging €1.6 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France. The EIB financing for the Bay of Biscay project takes the form of loans to Spanish and French transmission-system operators Red Eléctrica and RTE Réseau de transport d’électricité.
An EIB Group delegation led by President Nadia Calviño will participate in the 2025 Spring Meetings of the International Monetary Fund and the World Bank Group taking place this week in Washington DC. Vice-Presidents Ambroise Fayolle and Thomas Östros will join the EIB Group President to meet key partners in international development and finance.
Nadia Calviño, President of the European Investment Bank Group, inaugurated today the third edition of the EIB Group Forum, emphasising the critical role of investment in shaping Europe's economic future, and the focus on security in everything the EIB Group does.