The EIB has signed a EUR 78 million loan to Kainuu Social and Health Care Joint Authority (“Kainuun sote”) in North-Eastern Finland. The loan will support the construction of the new hospital in the city of Kajaani, to replace the current outdated facilities. As the existing facilities are no longer fit for purpose, the new construction will allow the hospital to provide more efficient healthcare services.
During an official visit by the President of the European Council, Donald Tusk, to Bosnia and Herzegovina, the EIB today signed two loans totalling EUR 150m for the construction of a motorway. The loans to the State of Bosnia and Herzegovina will finance two sections of the Corridor VC pan-European road link, connecting Budapest and Eastern Croatia to the Adriatic coast through Bosnia and Herzegovina. They are part of the EIB’s Economic Resilience Initiative that aims to improve living conditions and stabilise economies affected by conflict and migration. The loans will help to consolidate economic fundamentals and facilitate the EU accession process.
The EIB has today taken another step forward in the promotion of clean energy production in Spain. With the support of the Investment Plan for Europe, the EU bank has signed a EUR 50m loan to finance a wind power project developed by the Spanish firm Forestalia Renovables.