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Sunday, May 26, 2019

EIB funds major infrastructure, school construction projects in multiple countries

The European Investment Bank (EIB) board of directors has approved more than $8.2 billion to finance projects in Germany, Denmark, Ireland, Finland and beyond.

“Without innovation, Europe will not become and remain competitive," EIB President Werner Hoyer said. "Today the EIB has approved new financing to support development of next generation semiconductors in Germany, innovation to strengthen the nutritional benefits of dairy products in Denmark and upgrading university research in Ireland. The EU Bank is committed to unlocking investment in world-class project such as these that build on Europe’s research and innovation strengths." 

The EIB board approved funding to help build and repair schools in Finland, as well as make repairs to the National University of Ireland Galway Campus. It also approved funds to redevelop a hospital in Treviso, Italy, and fund public housing projects in the United Kingdom and the Netherlands.

Some funding will go toward making internet access available to Italian homes, international roadway projects in Poland and rural roads in Spain. EIB will also finance a Blankenburg tunnel to improve access to the port in Rotterdam, Netherlands.

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European Investment Bank

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