The European Investment Bank (EIB) is providing a total of €100 million financing to Slovenia to support two projects backed by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The first loan, worth €90 million, is dedicated to extending the Karavanke tunnel, allowing millions of passengers to benefit from a better road connection between Austria and Slovenia, with shorter queues and increased road safety. The second loan of €12 million will help energy provider Resalta to develop new energy efficiency systems and services in South Eastern Europe and the Western Balkans region. Commenting on the energy project, Paolo Gentiloni, European Commissioner for the Economy, said: “I am very pleased that the European Commission is able to continue providing support to Resalta, with this second financing agreement under the Investment Plan. Resalta has a proven track record of offering both public and private sector companies energy-efficiency solutions, such as retrofitting 48 municipal buildings in the City of Ljubljana. More good news: as a direct result of this financial boost, Resalta will employ an additional 50 staff.” Press releases are available on Resalta and Karavanke. As of December 2019, the Investment Plan has mobilised €458.8 billion of investment across the EU, including €1.3 billion in Slovenia, and supported more than one million start-ups and small and medium businesses.