EIB and Greek banks confirm €650m infrastructure investment fund
The European Investment Bank has confirmed involvement of four Greek banks - Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank - in a new €650 million infrastructure investment programme.
The Infrastructure Fund of Funds will combine national and European Commission resources and accelerate clean energy investment, including energy efficiency and renewable energy and sustainable urban development projects.
Sustainable projects being considered for investment under the new Fund of Funds scheme include wind farms, photovoltaic installations, biomass and biogas plants and hydroelectric power stations. New investment to improve energy efficiency in the public and private buildings will also be examined.
Once fully operational, the new infrastructure scheme will provide financing of €450 million unlocking total investments of at least €650 million for sustainable projects across priority sectors.
