The European Investment Bank, Europe’s long-term lending institution, today confirmed significant support totalling GBP 432 million for new investment in education and energy schemes in the north-east and Yorkshire. This includes GBP 100 million to underpin Newcastle University’s capital development programme, GBP 250 million for investment by Northern Powergrid and GBP 82 million to connect the Westernmost Rough windfarm to the national electricity network.
The European Investment Bank, Europe’s long-term lending institution, has agreed to provide GBP 250 million for investment over two years by Northern Powergrid to upgrade electricity distribution infrastructure and reinforce the electricity network to enable a smarter electricity network for 3.9 million homes and businesses in the North East, Yorkshire and northern Lincolnshire.
Werner Hoyer, President of the European Investment Bank (EIB), will visit Romania later today to discuss the European Investment Bank’s engagement in the country and explore opportunities to provide greater support for long-term investment to accelerate economic development in Romania and improve the quality of life of the country’s citizens. In his first visit to the country since the new government took office in November 2015, EIB President Werner Hoyer will meet the Romanian President Klaus Iohannis and Prime Minister Dacian Ciolos, and other senior politicians, government representatives and business leaders.
The EIB and Bankia signed this morning a EUR 500 million loan contract designed to facilitate access to credit for SMEs and midcaps. Bankia will match the loan with a further EUR 500 million, meaning that a total of EUR 1 billion will be made available for financing Spanish businesses under this agreement.
Ambroise Fayolle, Vice-Président de la BEI et Odile Renaud-Basso, Directrice générale adjointe, directrice des Fonds d'épargne de la Caisse des Dépôts, annoncent leur financement conjoint d’un montant global de 230 M€ pour financer les travaux de réhabilitation énergétique de l’opération Lyon Cité Campus, en présence de Najat Vallaud-Belkacem, Ministre de l'Éducation nationale, de l'Enseignement supérieur et de la Recherche, de Gérard Collomb, Président de la Métropole de Lyon, Jean-Paul Bret, Maire de Villeurbanne et Yannick Neuder, Vice-Président de la Région Auvergne-Rhône-Alpes et M. Bouabdallah, Président de l’université de Lyon.
Today at the Supporting Syria & the Region London 2016 Conference, the President of the EIB Group Werner Hoyer will lay out how the EIB will support international efforts in Turkey, the Middle East and North African countries affected by the refugee crisis. Werner Hoyer will add that the activities of the EIB Group could be increased in partnership with donors and provided the right conditions to underpin loans with grants are in place. This would support the goals of the conference and international efforts to provide economic opportunities, jobs, and education in the region.
A top-level EIB Group delegation, led by EIB Vice-President Pim van Ballekom, is in Ankara today and tomorrow for talks with Turkish Government representatives. The discussions are intended to further strengthen and broaden the scope of EIB Group financing in Turkey.
In 2015, the EIB fostered projects in Finland with loans totalling EUR 1.62bn – this is an all-time record high EIB commitment in Finland. Today, the EIB provided a EUR 230m loan to Finavia Corp., the Finnish airport operator, for the expansion of Helsinki Airport. This investment will enable the international hub to serve 20 million passengers by 2020.