Strengthening sustainable transport and tackling congestion
Commuters, freight businesses and travellers in four countries will benefit from transport investment agreed by the EIB Board. This includes acquisition of new intercity trains in Poland, improving motorway access to Warsaw, and upgrading inland waterways and roads on key international transport routes in Wallonia.
Improving waste management and circular economy innovation
Two new projects will improve waste management in France. Waste facilities across the country will be modernised to increase recycling, reduce noise, and improve water treatment. A new large-scale waste to energy plant will generate clean energy from refuse from across the greater Paris region.
A further project will strengthen investment in circular economy, climate action and clean energy schemes by utility companies across Italy.
Upgrading education and expanding social housing
Students in the French island Guadaloupe will benefit from new EIB backed investment to expand school facilities on the island. The Board also agreed to financing for social and affordable housing in Vienna and Lower Austria.
Ensuring private sector access to finance
Targeted financing for climate projects in Poland, tourism investment in Italy, and equity participation in Portugal, as well as lending programmes in Austria, Spain and Germany, were among EUR 847 million of new private sector support backed by the EIB.
This includes direct lending and new dedicated credit lines to be managed by local banks and financial partners.
EUR 934 million of investment backed by the Investment Plan for Europe
Seven projects approved by the EIB board today will be guaranteed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Juncker plan.