Philippe de Fontaine Vive Curtaz, Vice-President of the EIB and Jean-Pierre Jouyet, CEO of the Caisse des Dépôts Group, signed a bilateral cooperation agreement today, in the presence of Finance Minister Pierre Moscovici and European Affairs Minister Thierry Repentin.
The development of more environmentally friendly ship engines and power plants will receive a further boost thanks to the fourth loan agreement between the EIB and Wärtsilä, a leading supplier of power solutions for the marine and energy markets.
The EIB has agreed to contribute up to EUR 25m for the Althelia Climate Fund launched this week. The Althelia Climate Fund is a public-private partnership that will help reduce greenhouse gas emissions, with a focus on sustainable land use, ecosystem services and forest carbon.
The EIB stands ready to provide financial support to redress damage caused by the current flooding in Europe. EIB President Werner Hoyer commented: “The EIB is considering how it could best help and which financing instruments it could use to provide support for urgent reconstruction programmes at local and regional levels as well as for future flood prevention schemes.” The President offered the support of the Bank in writing to the German Chancellor Angela Merkel, to Austrian Chancellor Werner Faymann, to Slovak Prime Minister Robert Fico, to Czech Prime Minister Petr Necas and to Hungarian Prime Minister Viktor Orban.
The EIB provides up to EUR 500 million for trade finance to support foreign trade oriented small and medium sized companies (SMEs) in Greece. The EIB, as a long-term lender, has adapted to the needs of the real economy in Greece and enlarged its tool-kit with a short-term lending instrument to support international trade by Greek companies. The Bank will provide guarantees to the commercial banks for trade financing to be utilised on a revolving basis to support a volume of transactions in the order of EUR 1.5 billion per year.
The EIB is making available EUR 39 million for improving water infrastructure in the area around Lake Neusiedl. The loan will finance the upgrading of Burgenland’s water supply systems and their connection to the Hungarian system in the Pannonian Basin. The loan agreement was signed today in Luxembourg by EIB Vice-President Wilhelm Molterer and representatives of the Burgenland Region.
The purpose of the EUR 600 million finance contract is to upgrade the facilities at the Seine Aval sewage treatment plant (78) of Syndicat interdépartemental pour l’assainissement de l’agglomération parisienne (SIAAP). The objectives for Île-de-France’s public utility are twofold − performance and environmental responsibility. This contract was signed on 12 June 2013 by the European Investment Bank (EIB) and SIAAP.
The EIB is providing EUR 200 million to the Turkish State Railways, as a further contribution to upgrading the country’s main transport corridor between Ankara and Istanbul. This additional funding brings total EIB support for this high speed railway line to some EUR 1.5 billion.
The EIB has granted Spanish construction and services company ACS a EUR 98 million loan to support its research, development and innovation activities. EIB Vice-President Magdalena Álvarez Arza and ACS’s CEO Florentino Pérez signed the finance contract on Friday 7 June.
The EIB has committed EUR 20 million to the Capital North Africa Venture Fund II (CNAV II), a Maghreb-focused generalist fund managed by the independent Casablanca-based private equity firm, Capital Invest.