CEB agrees new loans to top €6bn in 2020
The Council of Europe Development Bank (CEB) has approved four new loans for social infrastructure projects in Germany, Lithuania, and Serbia.
The approvals bring the CEB’s 2020 approvals to cumulatively just above €6 billion, which represents an increase of €2 billion compared to those recorded in 2019.
In Germany, a €100 million Programme Loan to Gewobag Wohnungsbau AG Berlin will finance the construction and modernisation - including retrofitting - of about 5,400 social and affordable housing units. The CEB financing is expected to contribute to helping some 10,000 housing beneficiaries, predominately low-income households and specific vulnerable population groups, such persons with disabilities, the elderly, students, and migrants, residing in Berlin.
In Lithuania:, CEB agreed an additional €67.5 million to the Government for the Apartment Building Renovation Fund and a €35 million increase to an existing financing agreement with the City of Vilnius. The former will support investments in energy efficiency measures and retrofitting works of multi-apartment buildings throughout Lithuania. The latter will finance social infrastructure investments under the City of Vilnius’s Investment Plan, such as the construction and rehabilitation of education, health, and social care facilities.
And in Serbia, a €32 million Project Loan was agreed to the Government for the construction of two student dormitory buildings, including installations and equipment, in the cities of Belgrade and Niš. The new dormitories will comprise a total of 1,400 individual accommodation units.
