Upgrading thousands of schools and improving long-term care
More than 3,000 schools across Italy will be upgraded in the coming years following EIB approval of more than EUR 1.3 billion of new financing for the National School Infrastructure Plan.
The EIB also agreed to support construction of 19 new long-term care centres across Spanish regions that will provide new energy-efficient residential care places for more than 3,700 people.
Targeted support for private sector investment
The EIB approved EUR 1.6 billion of financing to help companies to innovate, expand and create jobs.
This includes investment that addresses challenges facing female entrepreneurs in Poland and across Africa, supports lease financing in Italy, backs venture capital in Liberia and Sierra Leone and encourages new agri-business and renewable energy investment in Greece, Bulgaria and Romania.
Reducing flood risk and improving water networks
The EIB also agreed to support new water and waste water investment across France and improve flood protection in the Irish city of Cork.
The EIB also agreed to support new investment to upgrade the sewage network in Skopje, the capital of northern Macedonia.
EUR 664 million of investment backed by the Investment Plan for Europe
Financing for six projects approved by the EIB board today will be guaranteed by the European Fund for Strategic Investments (EFSI).