At the EIB`s Berlin office, the European Investment Bank (EIB) and the Investitionsbank des Landes Brandenburg (ILB) have celebrated almost 30 years of their partnership. Both public development banks have been cooperating in funding regional projects in the German State of Brandenburg that is surrounding Berlin. Since 1995, 47 financial contracts have been signed with an overall volume of €3.21 billion.
In line with the Public Policy Goals of both institutions, the cooperation has concerned the financing of:
Physical capital: regional and municipal public infrastructure in the energy, water, transport and digital sectors
Human Capital: social infrastructure, like social housing, schools and hospitals, accommodations for migrants
Natural Capital: environmental projects, especially in the lignite-area Lausitz
Jobs and Employment: through the funding of SMEs and Midcaps
The EIB and ILB intend to keep a solid level of cooperation, to support the State of Brandenburg in view of the challenges of the energy, climate, demographic and digital transitions. The two institutions remain open to explore new forms of cooperation beyond intermediated financing.
The EIB is contributing €150 million to the 2038 Lusatia programme, which aims to minimise the social and economic impact of the phase-out of lignite and the transition to climate neutrality in the region. The EIB is cooperating closely on this with the regional promotional bank Investitionsbank des Landes Brandenburg (ILB).
The German Federal State of Brandenburg is the first region to receive a EIB loan dedicated to helping European countries to better face the challenges of the current refugee issue. Signing an agreement with the State’s investment bank, Investitionsbank des Landes Brandenburg (ILB), the EIB today committed to providing up to EUR 120 million for the refurbishment and construction of refugee accommodation in different parts of the Federal State. Overall, the project is expected to deliver housing for many of the asylum seekers arriving in Brandenburg until 2018.
Universities, university colleges and research institutes in the Federal State of Brandenburg will in the future be able to obtain additional funding from the EIB through the State’s investment bank, Investitionsbank des Landes Brandenburg (ILB). A corresponding loan contract was signed today by the EIB and ILB in Potsdam.