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Austrian city of Linz to upgrade energy and water operations with €200 million in EIB financing
The European Investment Bank (EIB) is lending LINZ AG, the utility company of the Austrian city of the same name, €200 million to integrate energy, water and wastewater networks into a single system that will be greener and more efficient. The project will reduce the carbon footprint of Austria’s third-largest city and improve services for around 400,000 people as well as numerous businesses in the Linz area.
Austrian tourism businesses to get €100 million in favourable financing under EIB accord with bank OeHT
Austrian tourism businesses including hotels will be eligible for as much as €100 million in favourable financing as a result of a new commitment by the European Investment Bank (EIB). The EIB is lending €50 million to the Austrian Hotel and Tourism Bank, or OeHT, which will channel the credit to a range of operators and match the sum. The funds will be deployed under the Federal Commercial Tourism Promotion Scheme, which the OeHT administers on behalf of the Federal Ministry for Economic Affairs, Energy and Tourism (BMWET).
Austria: aluminium maker AMAG receives €75 million EIB loan for cutting-edge research and development
The European Investment Bank (EIB) is lending AMAG Austria Metall AG, Austria’s leading aluminium producer, €75 million for technological advances in research, development and manufacturing. AMAG will use the EIB loan to develop cutting-edge aluminium products and to promote the digitalisation and environmental sustainability of manufacturing processes at the company’s plant in Upper Austria.