Investment Plan: EU supports broad range of projects in social housing, transport, energy, cancer research, and dairy sector
date: 27/02/2020
The guarantee is funded by the EU’s Employment and Social Innovation (EaSI) programme and is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, the Juncker Plan. In Poland, the European Investment Bank (EIB) is providing a €50 million loan (equivalent to PLN 212 million) to Mlekpol, one of country’s largest dairy cooperatives, to enable Mlekpol to decrease its carbon footprint. Seville is increasing the availability of social housing thanks to financing by the EIB and Instituto de Crédito Oficial (ICO) announced on 14 February. Each organization will provide €40 million for the construction of 562 affordable social rental homes. The EIB said on 13 February that it is providing a €12 million loan to Resalta, a Slovenian provider of energy efficiency and energy management solutions. Meanwhile, millions of passengers on the Trans-European Transport Network (TEN-T) will benefit from a safer, faster and more convenient road connection between Austria and Slovenia, thanks to a €90 million loan by the EIB to Družba za avtoceste v Republiki Sloveniji (DARS) to extend and upgrade the Karavanke tunnel. The EIB is also providing a €40 million loan to ITM Isotopen Technologien München AG (ITM) to support the company’s research and development strategy for cancer treatments.