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EIB finances Barcelona City Council with €113 million to deliver 640 social and sustainable rental housing units
The European Investment Bank (EIB) and the Barcelona City Council, through the Municipal Institute for Housing and Renovation of Barcelona (IMHAB), have signed a €113 million lending facility today to finance the construction of nine public social housing developments in the city, totaling approximately 640 new units. The IMHAB is a local public entity fully owned by Barcelona City Council and is responsible for the construction, management and promotion of public and sustainable housing in the city.
EIB backs upgrades of Finland’s Olkiluoto nuclear power plant with €90 million in financing
The European Investment Bank (EIB) is lending Finnish energy supplier Teollisuuden Voima Oyj (TVO) €90 million to upgrade two nuclear power units in Finland. The project involves reactors 1 and 2 of a power plant on the southwestern island of Olkiluoto and aims to ensure continued safe, low-carbon electricity generation in line with national and European Union rules.
European Union helps Ukrainian community of Vysoke open its first preschool
The village of Vysoke in Zhytomyr Oblast has opened its first preschool, giving local and internally displaced children access to early education close to home. The project was financed by the European Investment Bank (EIB), the bank of the European Union, through the Ukraine Recovery Programme.