The EIB and the Arab Republic of Egypt signed today a loan agreement of EUR 115 million for financing a windfarm in the Gulf of Suez to further expand energy generation from renewable resources. The windfarm will contribute to meet growing electricity demand using sustainable wind energy.
The EIB has signed two loan agreements worth EUR 280 million in total with Fraport Greece to help finance upgrades to 14 regional Greek airports. The transaction benefits from the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe.
During an official visit to Kenya, the EIB has pledged new support for projects in the power and transport sectors. Also, at a press conference In Nairobi with Cabinet Secretary for the Treasury Henry K. Rotich, the signature of a connectivity project was announced. The EIB’s three-day programme will include a site visit to the Lake Turkana Wind Park, the largest windfarm in sub-Saharan Africa developed by the private sector, which the EIB helped finance in 2014.
The EIB and Brabant Water, the water utility for the Dutch province of Noord-Brabant, have signed a lending agreement for EUR 150m. The financing will support Brabant Water’s 2016-2021 investment programme.
The President of the New Development Bank Mr. K.V.Kamath and the Vice-President of EIB Mr. Jonathan Taylor had a meeting today at the NDB Transitional Office in Shanghai, China and discussed issues of mutual interest, including potential areas of cooperation at operational and institutional levels. NDB Vice-Presidents Mr. Paulo Nogueira Batista Jr., Mr. Vladimir Kazbekov, Mr. Xian Zhu and Mr. Leslie Maasdorp also took part in the meeting.
Jonathan Taylor, Vice-President of the EIB will today highlight the importance and benefits of climate focused sustainable investment by companies during discussion with business leaders in Shanghai. The European Investment Bank is the world’s largest international public bank and one of the largest financiers of climate related investment worldwide.
Today, the EIB held a conference devoted to the development of social infrastructure in the health and education sectors. The event, hosted in Zagreb but with a regional impact, provided a valuable discussion platform to leading figures and experts from government bodies, academia, industry, and the civil society in health and education sectors with a special emphasis on infrastructure development and rehabilitation.