News Column

Further EIB Support for Local Authorities in Greece

January 31, 2014

BRUSSELS , Jan. 31 -- The European Investment Bank issued the following news release: The European Investment Bank (EIB) is providing further support for local authorities in Greece , with EUR 50 million advanced to the Consignment Deposits & Loan Fund (CDLF). This is the second and final tranche of a EUR 100 million framework facility that will provide financing to local authorities in Greece through the CDLF. The facility enables the local authorities to invest in key sectors for growth, jobs and quality of life, such as transport, educational infrastructure, cultural and historic heritage and rehabilitation of public buildings, environmental improvement, energy efficiency and tourism infrastructure. To optimise the use of the facility the EIB and CDLF organised today an information session for local authority representatives in cooperation with The Hellenic Agency for Local Development and Local Government (E.E.T.A.A.) S.A and the Central Union of Municipalities of Greece (KEDE). The information session was the first of its kind in Greece and was well attended by some 50 representatives of local authorities. In view of the existing substantial investment requirements of local authorities in tandem with current budgetary constraints, the EIB's facility contributes to better living conditions for thousands of citizens all over the country. TNS 30FurigayJane-140201-4622596 30FurigayJane

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Source: Targeted News Service

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