Athens/Luxembourg, 31 January 2014
Further EIB support for local authorities in Greece
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.
The EIB, whose shareholders are the Member States of the European Union (EU), is the EU’s long-term financing institution. Its remit is to further the objectives of the EU by making long-term finance available for viable projects. The Bank focuses on providing funding for the efficient use of resources, strategic infrastructure, innovation, research and development, and small and medium-sized enterprises. www.eib.org
Andreas Tsalas, email@example.com, Tel.: +302132116228, Fax: +302103694303