- Public and private sectors receive loans at favourable interest rates
- Finance for investment in renewable energies, the environment, health and education
The European Investment Bank (EIB) is providing EUR 200 million to finance small and medium-sized infrastructure projects in Germany. A loan agreement has just been signed with Deutsche Kreditbank AG (DKB), which will onlend the funds to small and medium-sized private sector enterprises (SMEs), municipalities and public sector entities.
EIB Vice-President Wilhelm Molterer stressed the benefits of the wide range of financing possibilities: “This offering is consciously targeting multiple sectors to give a sustainable boost to growth and employment. Urban renewal and healthcare projects are often particularly labour-intensive and create jobs. But sustainable economic development is also dependent on viable education projects. In DKB we have a partner with a great deal of experience in financing long-term infrastructure projects.”
DKB executive Rolf Mähliß added: “We focus our business on selected areas such as health, education and renewable energies and are pleased to be obtaining further EIB funds at favourable interest rates for these sectors in particular under this agreement. We will pass on the funding advantage to municipalities and businesses in full for investment in welfare provision. Eligible projects could be, for example, the building of wind farms, the extension of supply networks, but also the construction or refurbishment of schools and day nurseries.”
A broad range of projects will be eligible for financing, including PPPs. The EIB funds can be used to finance up to 50% of the cost of individual projects.