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.
Background information:
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
