The Juncker Plan has backed a European Investment Bank (EIB) loan agreement with ABN Amro, a Dutch bank, to unlock EUR 150 million in financing to support green shipping. The loan will support the refurbishment of older shipping units and the construction of new ones that so as to reduce the sector's carbon footprint...
This is in line with the Strategy for low-emission mobility adopted by the Commission in June 2016. The European Fund for Strategic Investments (EFSI), the central pillar of the Juncker Plan, was a crucial factor in making this loan agreement possible. Commissioner for Transport Violeta Bulc said: "Financing the transition to more sustainable transport systems and networks requires a commitment to invest. Today's agreement demonstrates that the Investment Plan can play an important role in mobilising private finance to support this transition." The Juncker Plan is now expected to trigger around EUR 183.5 billion across Europe. For the latest figures country-by-country, see here. A full press release is available here.
