Werner Hoyer, President of the EIB, the world’s largest internationally owned public bank, will this week lead a high-level delegation on an official visit to China. This represents the first visit to China by a President of Europe’s long-term lending institution since 2007 and will provide an opportunity to strengthen cooperation between the European Investment Bank and Chinese partners support for investment in China, Asia and Europe.
The EIB has agreed a EUR 7.5 million financing deal with Flexenclosure, a specialist designer and manufacturer of intelligent power management systems and prefabricated modular data centres for the ICT industry.
14 new Primary Care Centres are to be built across Ireland following agreement of a new EUR 70 million 25-year loan from the EIB. This represents the EIB’s first support for healthcare investment in Ireland and the first dedicated backing for Primary Health Care anywhere in Europe. The new PPP-based scheme will support the shift from hospital based healthcare to community based care closer to patients.
European finance ministers today highlighted the importance of the Investment Plan for Europe in supporting economic growth, job creation and competitiveness across Europe. The ministers, meeting as the Governors of the EIB, welcomed the commitment of the EIB Group in delivering on the Investment Plan for Europe. So far the EIB Group, comprising the EIB and the EIF, has approved 249 transactions which are supported by the European Fund for Strategic Investment (EFSI). EFSI is a guarantee facility from EU budget, which is managed by the EIB as one of three pillars of the Investment Plan for Europe.
The EIB has agreed to provide GBP 525 million for construction of the Beatrice windfarm to be built 14 km off the Caithness coast, near Wick in north-east Scotland. This represents the single largest support ever for investment in an offshore wind project by the EIB. This is also the first project in Scotland to be supported by the new European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, intended to generate EUR 315 billion of new investment across Europe.
The President of the EIB, Werner Hoyer, has called for international humanitarian efforts tackling the refugee crisis to be reinforced by action that helps countries and communities anticipate and respond to crises in a resilient manner. EIB President Werner Hoyer was speaking ahead of the first-ever UN World Humanitarian Summit to be held in Istanbul on 23 - 24 May, gathering world leaders, civil society, multilateral development banks and other key actors in the world of development and humanitarian aid.
The Board of Directors of the EIB today approved EUR 5.3 billion of new loans to support small business lending and finance new investment in schools, corporate research and development, water infrastructure, local transport schemes, and urban regeneration. EIB financing for 8 of the 26 projects is expected to be guaranteed by the EU budget guarantee under the Investment Plan for Europe.
Jonathan Taylor, Vice President of the EIB, today visited Davyhulme, Manchester wastewater treatment works to see at first hand one of the crucial investment projects underway to improve United Utilities’ water and wastewater infrastructure in the north-west supported by the European Investment Bank. Over the last 12 years the European Investment Bank has provided GBP 2.25 billion to support investment by United Utilities that benefits customers and the environment, as well as local companies across the north-west.
The EIB is lending EUR 50 million to Gorenje Gospodinjski aparati d.d., one of the leading European traditional manufacturer of household electrical appliances. The EIB loan will have a maturity of up to 7 years and will finance the company’s 4-year research, development and innovation expenditure programme aimed at strengthening its innovative capacity by developing new domestic appliances and upgrading its existing product range.
The EIB and Instituto de Crédito Oficial (ICO) have signed a EUR 50 million loan that ICO will use to finance infrastructure projects through its venture capital fund FOND-ICO Infraestructuras. The agreement was signed today in Madrid by EIB Vice-President Román Escolano and ICO’s CEO, Emma Navarro.