EIB approves EUR 3.6 billion for sustainable transport, clean energy, housing and business investment and EUR 2 billion for refugee investment in Poland

El BEI aprueba invertir 3 600 millones de euros en transporte sostenible, energías limpias, vivienda y empresas y 2 000 millones para los refugiados en Polonia

EUR 2 billion for refugee related investment in Poland

EUR 2 billion for urban transport, hydrogen mobility and rail

EUR 1.4 billion for corporate innovation and business financing

EUR 278 million for renewable energy,

EUR 3.6 billion of new financing approved by the European Investment Bank (EIB) today will help accelerate clean transport, business growth and innovation, renewable energy, water and housing investment.

At its June meeting, the Board of Directors of the EIB also confirmed the first EIB backed national financing to support Ukrainian refugees who fled to the EU, supporting investment in health, education and housing across Poland.

The EIB approved the first national allocation under a new financing initiative agreed last month to support investment for Ukrainian refugees by public authorities across Poland.

The new EIB backed credit line for Poland follows the Board’s approval, on 19 May, of a plan to invest EUR 4 billion in support of Ukrainian refugees to EU and other neighbouring countries. The Solidarity Package for Ukraine has been prepared in cooperation with the European Commission.

The EIB credit line will make financing available for the development of key infrastructure and services for refugees and host communities, such as housing, schools, hospitals and access to jobs. EIB financing can also cover eligible operational expenditure related to the supply of equipment, facilities and services for the integration of war refugees in host countries.

The EIB today backed new financing to expand metro rail services in Madrid and construction of a fourth line in Prague.

The 7km extension of Line 11 in Madrid will include 5 new and upgraded stations and the 5km first phase of Line D in Prague will use driverless trains, include five new stations, and cater for an expected 30 million passengers a year once fully operational.

The EIB also approved corporate research to improve hydrogen powered bus, truck and car transport, development of advanced driver assistance systems to improve vehicle and pedestrian safety and innovation and advanced manufacturing of electric cars.

The EIB also approved corporate research to improve hydrogen powered bus, truck and car transport, development of advanced driver assistance systems to improve vehicle and pedestrian safety and innovation and advanced manufacturing of electric cars.

The EIB backed new business financing programmes in Austria, the Czech Republic, Germany, Hungary, Italy, Slovakia, Spain and Portugal and corporate innovation. This includes corporate financing to support development of specialist medical and healthcare digitalisation software and enhance production of semiconductors.

New financing for construction of 640 barrier free and energy-efficient social and affordable homes in Hannover was approved.

The EIB also agreed to participate in a EUR 455 million fund to unlock equity investment in large and small scale renewable energy projects across Africa, Central Asia, the Middle East and Caucasus and back investment to improve access to water in the Middle East.