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Luxembourg/Brno, 28 November 2013
Czech Rep: EIB continues to support regional infrastructure in South Moravia
The European Investment Bank (EIB) approved an increase of its lending to the South Moravia Region by CZK 300 million (EUR 12 million) dedicated to co-financing primarily the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
The extended EIB loan will co-finance development and rehabilitation of the regional infrastructure, particularly in the areas of roads, education, health, public administration, renewable energy and energy efficiency. EIB funds will support for example: a number of investments related to the regional road network receiving EU grants from the Regional Operational Programme South-East; and energy saving measures implemented in schools, health care facilities and some other public buildings receiving support from the Operational Programme Environment.
The signed loan extension is a continuation of the successful cooperation between the EIB and the South Moravia Region after the Bank granted loans of CZK 1.2 billion was in 2005 and of CZK 2 billion in 2009. Both loans have financed rehabilitation of the regional road network, education, health, social care, tourism, R&D and increase the energy efficiency of public buildings.
The European Investment Bank is the long-term lending institution of the European Union and is owned by the EU Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
Dušan Ondrejička, email@example.com, tel.: +352-4379-83334