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 signed a €20 million loan to build high-speed internet access in Angola, and we are appraising a potential €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.
Sustainable energy for one billion people by 2030
Today 800 million people lack access to electricity, including half the population of sub-Saharan Africa. Another 2.8 billion people lack access to electricity that is reliable enough to secure their livelihoods or power modern healthcare facilities and schools. The pandemic has only exacerbated the inequality of global energy access.
- To tackle this challenge, the Rockefeller Foundation and the EIB have announced a global coalition to provide sustainable energy for one billion people within this decade. Development finance, global energy and multilateral agencies commit under this global coalition to accelerate electrification as the cornerstone of an equitable, global economic recovery.
- We have also partnered with the United Nations and other partners for a global energy roadmap outlining concrete actions to achieve clean, affordable energy for all by 2030 and net-zero emissions by 2050. We are-co-leading together with key partners the technical report on Finance and investment. Find out more about this collaboration
The City Climate Finance Gap Fund
In the spotlight
Renovating history
The medical school of Târgu Mureş renovates its infrastructure and clinical laboratories to strengthen specialist training and become energy efficient
Human rights in a water pipe
Hundreds of thousands of people in North Macedonia and Sao Tome lack reliable drinking water. Two big projects will repair pipes, expand distribution and improve sanitation.
Sustainable investment remains key for growth
Economic and energy turmoil threaten long-term investment that are key to making the green transformation and economic growth possible.