EIB agrees €875m financing for green projects across Greece

The European Investment Bank has agreed new long-term financing of €875 million to finance hundreds of sustainable urban investment schemes and energy efficiency projects across Greece.

The EIB will provide a €500 million 25-year loan to support the Antonis Tritsis scheme aimed at strengthening sustainable urban investment in town and cities across the country. This will include projects to improve water and wastewater, waste management, road safety and climate resilience, smart city schemes, flood protection, earthquake protection in schools and improving public health measures against COVID-19. 

And the lender agreed to provide €375 million to back the Helektra programme to improve energy efficiency in public buildings, schools, hospitals and sports facilities. The new investment will improve insulation, replace obsolete heating and cooling equipment and increase use of renewable energy. This will ensure that energy costs are reduced and carbon emissions cut for public buildings, and contribute to Greek and European energy efficiency targets.