The EIB is providing equity-type financing of up to EUR 75m (some DKK 560m) to Copenhagen Infrastructure Partners (CIP) for an innovative infrastructure fund (Copenhagen Infrastructure II) investing in large energy-related projects such as offshore wind, biomass and transmission schemes. The EIB financing will be proposed for backing by the EU budget guarantee under the European Fund for Strategic Investments (EFSI).
The EIB is lending EUR 600 million, the first tranche of an approved loan of EUR 1.16 billion, to Slovakia to co-finance priority projects receiving support from EU funds within the period 2014-2020. The EIB funds will cover the national co-financing contribution in line with the Partnership Agreement and Operational Programmes in the areas of R&D, the information society, human resources, the environment and public administration.
The decline in Western banks’ funding to Central, Eastern, and Southeastern Europe (CESEE) accelerated in the fourth quarter of 2014, while domestic credit growth remained lackluster in much of the region, but this trend may have started to reverse in early 2015, according to the latest Vienna Initiative committee report released on June 24.
The EIB is lending EUR 500 million – the first tranche of an approved loan amount of EUR 1 billion – to Hungary to co-finance priority projects receiving support from EU Cohesion Funds, European Regional Development Funds and Connecting Europe Facility within the programming period 2014–2020. The EIB loan, in line with the Partnership Agreement and the Europe 2020 Strategy, will cover the national co-financing contribution for projects in the areas of transport, energy and the environment.
The EIB, SACE and Fiat Chrysler Automobiles (FCA) announced today that they have finalized a EUR 600 million loan earmarked to support the automotive group's research, development and production plans for 2015-17. The three-year loan provided by EIB and 50% guaranteed by SACE relates to FCA’s production and R&D sites in both northern and southern Italy.
On Friday 26 June 2015, on the occasion of the 11th Congress of French Regions held in Rouen, Ambroise Fayolle, Vice-President of the EIB, and Nicolas Mayer-Rossignol, President of the Haute Normandie Region, signed a EUR 50 million loan for financing 12 schemes to build, restructure or refurbish state secondary schools in Upper Normandy.
RTE and the EIB have strengthened their partnership by signing a new EUR 500 million loan agreement. This contract, signed by Philippe Dupuis, RTE's deputy managing director in charge of finance, procurement, IT and telecoms, and EIB Vice-President Ambroise Fayolle, will help finance 35 projects carried out over a period of 5 years. These are designed to strengthen the security of supply, improve the quality of electricity and enhance the power grid's contribution to a successful energy transition.
The EIB has granted a EUR 180 million loan to Adif Alta Velocidad for financing investment in signalling and safety systems and a EUR 50 million loan to Puertos del Estado for financing small and medium-scale investments carried out by different port authorities in the period 2014-2018.