Kris PEETERS

The European Investment Bank (EIB), the bank of the European Union and the biggest multilateral bank in the world will work with PT Mass Rapid Transit Jakarta (MRT Jakarta), the city’s public transport authority, in developing the city’s public transport network and financing urban regeneration of residential and business areas along the transport routes.

European Investment Bank (EIB) Vice-President Kris Peeters and Société wallonne des eaux (SWDE) Management Committee President Eric Van Sevenant signed a €250 million loan in Verviers-Stembert, Belgium. This is the fourth operation since 2006 between the EU bank and the Wallonia-based operator, which is the main water producer and distributor in the region.

Repeated crises are exacerbating companies' financial worries. €350 million in guarantees could be mobilised under a new cooperation agreement between the EIB and Gigarant, providing companies with easier access to total financing of at least €875 million.