EIB expects to provide USD 105 billion for sustainable urban development following Habitat III Quito conference

The European Investment Bank today welcomed the New Urban Agenda and confirmed expected support for sustainable urban development totalling more than USD 105 billion over the next five years through new investment in sustainable transport, clean energy, water and smart cities. This follows agreement from the 28 European Union shareholders of the European Investment Bank to enhance the impact of urban lending and calls from European Ministers for the EIB to help implement the EU Urban Agenda. …