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EIB approves EUR 4.4 billion for small business, social housing, transport and energy investment

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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
Greater Manchester Metrolink extension
Mr Olaf Scholz, Mayor of Hamburg
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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)
from left to right: Mr Rober Harrabin, Environmental Analyst, BBC and Mr Hans-Jörg Bullinger, President, Fraunhofer-Gesellschaft of Germany
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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Picture of all the participants at the signature EFL loan for SMEs and Mid-Caps III
FROM LEFT TO RIGHT: Mr ANDRZEJ KRZEMINSKI President of the Management Board- EFL and Mrs FÜRSTENBERG-LUCIUS, Director EIB
FROM LEFT TO RIGHT: Mr ANDRZEJ KRZEMINSKI President of the Management Board- EFL and Mr Mariusz KOLWAS, Vice-President of the Management Board - EFL
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
Group picture of the signature EFL Loan for SMEs and Mid-Caps III
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: Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director of the Central and Eastern Africa, Pacific Department of the EIB
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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from left to right: Founders and biggest investors:
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Mr Anton Rop, Vice President of the European Investment Bank
de gauche à droite: M. Othman Ben Arfa, PDG de la STEG, M. Philippe de Fontaine Vive, Vice-président de la BEI et M. Mohamed Nouri Jouini, Ministre du Développement et de la Coopération Internationale
de gauche à droite: M. Othman Ben Arfa, PDG de la STEG et M. Philippe de Fontaine Vive, Vice-président de la BEI
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Closing Ceremony Rural Impulse Fund II SA, SICAV-SIF; Luxembourg 1st June 2010
Closing
de gauche à droite: M.Carlos Da Silva Costa ,Vice Président de la BEI et M. Valls i Riera, Président de l'Autoridad Portuaria de Barcelona.
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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
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
Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB
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EIB approves EUR 4.4 billion for small business, social housing, transport and energy investment

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  •  Release date: 12 June 2018
  •  Reference: 2018-150-EN
  • EUR 4.4 billion of new financing for 30 projects
  • Including EUR 538 million for social housing
  • EUR 1.4 billion for small business across Europe

Meeting in Luxembourg today the Board of the European Investment Bank approved a total of EUR 4.4 billion of new financing for 30 projects located across Europe, Asia and Africa.

This includes financing to roll-out ultra-high speed internet across Germany, upgrade the Cairo metro, expand and rehabilitate forests in China, and improve access to off-grid solar power in Africa.

“The EU Bank is now moving on from crisis recovery to focusing on investments that can make Europe more competitive worldwide. This also involves making growth more sustainable and smart. Financing gaps still hold back investment in climate action and in the key product-to-market segment of the value chain. We want to enable companies to run with all the good ideas Europe has in abundance, to create jobs and expand. New projects endorsed today by the EU Bank will contribute to address these gaps. They also take us very close to achieving the Juncker Plan target of mobilising investments worth EUR 315 billion by this year”, said Werner Hoyer, President of the European Investment Bank.

Improving access to finance by small business

Today’s board meeting approved EUR 1.4 billion of new intermediated lending that will help small and medium size companies in Austria, Poland, Hungary, Italy, Armenia and Montenegro to create jobs and harness new business opportunities.

The Board also approved new targeted lending programmes to support sustainable and high social impact investment, cut carbon emissions, improve agricultural production and stimulate rural investment, with partners in the Netherlands, Spain and the Czech Republic.

Reflecting the investment gap of early stage companies in Africa and specific economic challenges in southern Mediterranean countries, the EIB approved support for a new venture capital fund operating across the continent and a new private sector development programme intended to strengthen long-term economic resilience.

Enhancing provision of social housing

Households across Europe face the daily reality of a lack of affordable and available housing.

The EIB Board decided to support EUR 538 million for social housing investment in Spain and Sweden that will build new homes and contribute to expansion of near zero energy residential buildings.

Strengthening sustainable transport in world cities

The EIB Board approved investment to upgrade line 1 of the Cairo Metro and extend the Manchester Metrolink network.

Helping industry to innovate and cut energy use

EUR 350 million loans to companies across Europe will help cut energy use in hotels and industrial laundry facilities in Spain and retail centres in Poland; enable use of the latest technology in a new manufacturing plant in Latvia; and develop more efficient lighting technology in Austria, Germany, France and the UK.

Harnessing renewable energy and improving access to electricity

The board meeting approved EUR 276 million of new financing for energy investment. This includes PPP financing for the Northwester 2 windfarm project in Belgium and for the Olsztyn Waste to Energy Plant in Poland. The EIB will also support a new electricity inter-connector between the Greek mainland and the island of Crete, which will strengthen security of energy supply in the country.

Reflecting the chronic lack of access to electricity in large parts of Africa, the EIB will also launch a new programme to finance off-grid solar power providers across Africa, which currently have no access to commercial financing.






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