Monica Faro
Press officer
- European Investment Bank
- Communication Department
- Calle José Ortega y Gasset, 29
- 28006 Madrid
+352 4379-71105
+34 678 377117
The European Investment Bank (EIB) is pledging €1.6 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France. The EIB financing for the Bay of Biscay project takes the form of loans to Spanish and French transmission-system operators Red Eléctrica and RTE Réseau de transport d’électricité.