EIB: €3.8bn of financing for transport, energy, business, water supply

Region:

Middle East & Africa, Europe

The European Investment Bank has approved financing worth hundreds of millions of euros for projects to fight climate change and help countries to deal with its consequences. Among these projects are wind and solar power schemes, energy efficiency renovations and waste and water management systems.

In the UK, a new €114 million programme will increase the resilience of drinking water supply and wastewater treatment.

For the Walloon Brabant province of Belgium, the EIB board approved €80 million financing for the upgrade of water supply and solid waste collection, as well as investment to renovate old and abandoned sites.

In Africa, the bank will finance storm water retention in Cotonou, Benin with €50 million. €82 million will support the Lesotho lowland water supply scheme, comprising water production infrastructure and distribution network as well as capacity building for water efficiency and sanitation.

Investment worth €335 million will finance construction and implementation of wind power and solar photovoltaic renewable energy generation in Spain.

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