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European Investment Bank

European Investment Bank


EIB President Hoyer in Sweden for official visit

EIB President Werner Hoyer has met with Swedish Finance Minister Magdalena Andersson to discuss the Investment Plan for Europe on the occasion of an official visit to Sweden. The President also signed a SEK 1.8 billion (around EUR 200 million) long-term loan agreement to finance the upgrading of municipal infrastructure in Uppsala, the country’s fourth largest city.

 

GBP 480 million for extension of London Underground’s Northern Line

The EIB is providing GBP 480 million for the extension of the Northern Line to Battersea. The loan represents nearly 50% of the overall cost of the new London Underground link that will enable the construction of tens of thousands of new homes, offices and support 24,000 jobs helping to regenerate Vauxhall, Nine Elms and Battersea once operational.

 

Committee of the Regions and EIB team up to speed up delivery of Juncker plan and boost local economies

The President of the European Committee of the Regions, Michel Lebrun, and EIB President, Werner Hoyer, have joined forces and launched an action plan to boost the delivery of the EUR 315bn Juncker Plan and EU structural funds. The shared objective is to simplify procedures and speed up the implementation of quality EU projects that benefit both citizens and local businesses.

 

Spain first country to implement EIB Group-European Commission SME Initiative

Spain has signed an agreement with the EIB Group and the European Commission to contribute EUR 800m of their European Structural and Investment Funds (ESIF) funds to the new SME Initiative to generate more than EUR 3bn of SME financing. The pioneering initiative aims to use the structural funds more efficiently and ensure that funding reaches a greater number of small and medium-sized businesses on highly favourable terms.

 
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