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EIB approves EUR 4.3 billion of new support for business, education, energy, health and transport schemes

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from left to right: Mustafa Abdel-Wadood, CEO,Abraaj Capital Limited, Philippe de Fontaine Vive Curtaz,Vice President, EIB and H.E. Eng. Yarub Qudah, CEO of JEDCO
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Mr Matthias Kollatz-Ahnen, Vice-President of the EIB
from left to right:Jörg Vogt, CFO, Trianel, Germany (Project: Borkum West II Offshore Wind Park), Pierre Lestienne, CFO, C-Power, Belgium (Project: C-Power near Ostend) and Georg Friedrichs, Vice-President, Head of Offshore Wind Projects, Vattenfall, Germany (Project: Thanet Offshore Wind Farm)
from left to right: Mr Kevin Smith, Director Wind Energy, Det Norske Veritas, Norway, Mr Frank V.Nielsen; Chief Technology Officer, LM Wind Power, Denmark and Mr Konstantin Staschus, Secretary General, European Network of Transmission System Operations for Electricity (ENTSO-E)
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Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division, Mr F. de Paula Coelho, Director of the ALA Department of the EIB and Mr Christophe Nègre, Deputy Head of Division, Legal Department of the EIB
From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department of the EIB and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division
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FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB, Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB
FROM LEFT TO RIGHT: Mr Zygmunti TRYBKA, Director of the Financing Department EFL and Mr Piotr KOZIOL, Director of the Legal Department EFL
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from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
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Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.
J.A.Mannai, Président du Fonds Monétaire Arabe; P.Maystadt, Président de la BEI; A.M.Ali Al-Madani, Président de la Banque Islamique de Développement; F.Baroin, Ministre de l'Economie, des Finances et de l'Industrie; D.Kaberuka, Président de la Banque Africaine de Développement; C.Lagarde, directrice générale du FMI
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Closing Ceremony Rural Impulse Fund II SA, SICAV-SIF; Luxembourg 1st June 2010
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M. Philippe Maystadt, Président de la BEI, S.E.M. Premier Ministre de la Serbie et M. Dario Scannapieco, Vice-Président de la BEI à la signature de contrats
M. Philippe Maystadt, Président de la BEI et S.E.M. Mirko CVETKOVIC, Premier Ministre de la République de Serbie à la signature du livre d'or
Mr. I Dalianis, Financial Manager of Symetal ,Mr. K Kontos, General Manager of Symetal , Mr P Sakellaris Vice President of the EIB, Mr. D Kyriakopoulos, Executive Vice President of Elval and Mr. L Varouchas, General Manager of Elval
Mr P.Sakellaris, Vice President of the EIB and Mr D. Kyriakopoulos, Executive Vice President of Elval
Mr P. Sakellaris, Vice President of the EIB and Mr D.Kyriakopoulos, Executive Vice President of Elval
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Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
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EIB approves EUR 4.3 billion of new support for business, education, energy, health and transport schemes

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  •  Release date: 15 May 2018
  •  Reference: 2018-116-EN
  • EUR 4.3 billion of new financing for 20 projects approved by EIB Board
  • Include reducing energy use on Belgian regional road network
  • EUR 3.1 billion for private sector investment around the world confirmed

Meeting in Luxembourg earlier today the Board of the European Investment Bank approved a total of EUR 4.3 billion of new financing for 20 projects located across the Europe, and around the world.

Following Board approval the EIB will finalise financing for new business investment, transport, health, energy, education and telecom infrastructure.

This includes backing low-energy replacement of smart street lighting on 2,700km of Belgian roads, upgrading medical education in Poland and new hospital facilities in Finland.

“New investment to upgrade clean energy, sustainable transport, healthcare and communications is essential to improve lives and strengthen economic activity. The impressive range of schemes approved today demonstrates the EU Bank’s unique global engagement and technical expertise supporting the competitiveness of the Union and contributing to tackle global challenges.” said Werner Hoyer, President of the European Investment Bank.

EUR 3 billion new financing to strengthen private sector investment

New EIB lending programmes and financing initiatives totalling EUR 3 billion to support private sector investment were approved by the Board.

These includes financing for new business investment with local partners in Greece, Italy and Poland. Small business financing schemes outside Europe will be supported in Turkey and Egypt were also approved.

Research and development investment by companies in France, Germany, Italy and Spain will also be financed through direct corporate lending.

Unlocking new investment in sustainable transport

The EIB is expected to provide EUR 575 million for new transport investment. This includes backing investment in low energy lighting for Belgian roads and financing two motorways in south-eastern Spain.

Improving health and hospital infrastructure

Two health projects totalling EUR 327 million were approved by the EIB Board.  These include construction of a new medical simulation centre at Poznan Medical University in Poland and renovation and extension of hospital buildings in Helsinki.

Improving clean energy generation and distribution

The Board approved EUR 303 million of new financing for energy investment in Hungary, France and central Asia. This includes support for construction of six new biogas plants and rehabilitation of the Kairakkum hydropower plant in Tajikistan, operational since 1957.

Investment Plan for Europe

Financing totalling EUR 837 million for 7 different schemes backed by the Investment Plan for Europe, and guaranteed by the European Fund for Strategic Investments, was approved by the EIB board.

EFSI projects include energy efficiency investment in Belgium, corporate research and development in Germany, Greece, France and Spain, and support for investment by entrepreneurs in Poland.






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