Lilyana PAVLOVA

New European Investment Bank financing for priority investment in Cyprus last year totalled EUR 245 million.

Network expansion to improve access to the Epic high-speed broadband network in Cyprus will be accelerated by EUR 19 million long-term European Investment Bank financing confirmed today.

To support the transition to more sustainable transport modes, the European Investment Bank (EIB) is providing €40 million for the reconstruction of the urban transport network in the Canton of Sarajevo. The financing, provided on the most favourable terms, will enable modernisation and extension of the tram and trolley bus networks by replacing existing vehicles and building new tramlines and tracks. These improvements will significantly increase safety and reduce traffic congestion and air pollution in the capital city of Bosnia and Herzegovina and the surrounding municipalities.