EIB Invests In Sustainable Initiatives In Spain's Andalusia

2024-04-19 03:16:53

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 19. The EuropeanInvestment Bank (EIB) has inked a 215 million euro loan pact withthe Spanish Andalusia to jointly fund social, green, and digitalventures, Trend reports.

According to the bank, this financial injection will fuelprojects that drive both environmental sustainability and digitaladvancement while fostering social unity in the region.

Part of the EU's operational program for cohesion policy funding2021-2027, particularly drawing from the European RegionalDevelopment Fund (ERDF), European Social Fund Plus (ESF+), and theJust Transition Fund, the EIB loan will support variousinitiatives.

These include education, research, innovation, digitalization,public health, sustainable transport, energy efficiency,environmental conservation, and assistance for small andmedium-sized enterprises (SMEs) and mid-caps in Andalusia.

Meanwhile, this marks the second loan deal between the EIB andthe Andalusian government under the ERDF's 2021-2027 plan,following a 195 million euro loan signed in December 2022. The EIBloan aligns with the EU's five cohesion priorities, aimed atforging a greener, more digital, advanced, connected, and sociallyinclusive Europe, ultimately enhancing the lives of Europeans.

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