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More press releases
Portugal: Guimarães receives advisory support from the EU to accelerate sustainable mobility and climate neutrality
The municipality of Guimarães has signed an advisory agreement with the European Investment Bank (EIB), funded by the European Commission to support the city’s transition towards climate neutrality. The agreement was acknowledged during the official ceremony marking Guimarães’ designation as European Green Capital 2026 and the launch of its year of tenure. Participants in the signing ceremony included Ricardo Araújo Mayor of Guimarães, Joao Fonseca Head of the EIB Group Office in Portugal and Patrick Child, Deputy Director General, DG Environment of the European Commission.
Germany: EIB to lend WEMAG millions for grid infrastructure
Attended by Minister-President Manuela Schwesig, EIB Vice-President Nicola Beer and the WEMAG Board of Directors signed an investment financing agreement for €220 million to expand electricity grid infrastructure.
Montenegro: European Union to invest €175 million to upgrade Bar-Golubovci railway line
To strengthen regional connectivity and integration, the European Union is providing a €175.6 million financial package for the reconstruction of 39 km of the Bar–Golubovci railway line, a key section of Rail Route 4 on the extended TEN-T Core Network. This vital corridor connects Belgrade to the Port of Bar, linking Montenegro and the Western Balkans with Central Europe. Once completed, the upgrade will increase train speeds and improve railway reliability, safety, and capacity. The project will raise the quality of rail service, accommodating 1.3 million passengers and transporting 1.85 million tonnes of freight annually. It will promote multimodal transport, strengthen resilience to climate change, and advance Montenegro’s green transition by shifting traffic from road to rail.