Investment Plan for Europe: Four agreements in three countries as the EFSI gathers momentum

The European Investment Bank (EIB) has signed four agreements worth over EUR 300 million in Germany, Spain and Poland. These transactions benefit from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. In Germany, a EUR 100 million loan agreement will finance energy-efficiency upgrades and modernisation works to thousands of housing units. In Spain, a EUR 70 million loan agreement will improve upgrades to production and manufacturing facilities. Finally, in Poland, two agreements with Tauron Polska Energia and Przewozy Regionalne, worth a combined EUR 135 million, will finance upgrades to energy infrastructure and rail stock. Commenting on the German energy efficiency project, European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “I am delighted that the EFSI will support improvements to housing units that will benefit thousands of people. Today’s agreement demonstrates the potential of the Investment Plan to boost investment, further our transition to a low-carbon economy and make a real difference to the quality of people’s daily lives.”