Together on infrastructure
The link between climate, development and infrastructure is indelible and engrained in the Sustainable Development Goals. The EIB’s activities foster this holistic approach to development finance.
In March 2016, the EIB signed its biggest-ever loan in India for the construction of a new Metro in Lucknow, the capital of the sub-continent’s most populous state. The Metro will increase use of public transport in Lucknow from 10 to 27%. This infrastructure project will make a vital contribution toward the city’s development and represents an important step in the battle against climate change.
Building sustainable infrastructure also touches on innovation. The EIB last year signed a EUR 20 million loan to build high-speed internet access in Angola, and we are appraising a potential EUR 40 million loan to roll out a mobile telecommunications network in Mali.
The EIB is already delivering on infrastructure, development, climate action and innovation. And with our MDB partners, we can achieve even more.
Investing in clean water and changing lives in West Africa
Adequate water systems are a basic necessity, but many in West Africa go without access to clean, drinkable water. Niger is one of the poorest countries in the world and suffers from permanent water shortages due to low and unevenly distributed rainfall. A 2014 €60m loan contribution from the EIB, is changing this through the improvement and extension of storage and distribution of water infrastructure. This has ensured 200,000 people around the capital city, Niamay, now have access to clean drinking water.
