EU Bank supports the modernisation of Moldova’s railways with 50 million EUR

The European Investment Bank (EIB) is lending EUR 50m to the Republic of Moldova to finance the improvement and modernisation of Moldova’s railway network and rolling stock. The project has received a 5 million EUR investment grant from the European Union, and is co-financed with the EBRD. This is the first time EIB financing has been granted to the Moldovan railways sector, and will upgrade assets partially located on the extended TEN-T and contribute to the achievement of the objectives of …

EU bank supports water safety and quality investment in the Netherlands

The European Investment Bank (EIB) has signed a EUR 120 million loan agreement with the Dutch local water authority Waterschap Hollandse Delta (WSHD). The loan will support the water authority’s investment programme, concerning the reinforcing of dikes in its area of responsibility, investments in waste water facilities as well as works to provide sufficient and clean water in ditches and canals. “The water authorities in the Netherlands are often little-known by the greater public, but fulfi…

Malawi authorities uncover corruption with EIB help

Staff from the EIB’s Inspectorate General have assisted the Malawi Anti-Corruption Bureau (ACB) on an ACB investigation into allegations of corrupt payments in the award of a contract issued by the Lilongwe Water Board (LWB). The contract allegedly affected by these allegations was financed from the national budget along with a loan from the European Investment Bank. Two people have been arrested as part of this operation and computer equipment has been seized from several individuals. Deputy…

Greek Finance Minister Tsakalotos speaks at Bridge Forum Dialogue at EIB

Greek Finance Minister Euclid Tsakalotos visited the European Investment Bank (EIB) in Luxembourg on 28 September for discussions with EIB President Werner Hoyer about EIB activity in Greece and to speak at a Bridge Forum Dialogue event on the efforts his country is making to emerge from its economic and financial crisis. Prior to the Bridge Forum Dialogue event, entitled ‘Recovering from the crisis: Macroeconomic versus Real economy and social dimensions’ , Minister Tsakalotos praised the EI…

EIB to open first Dublin office before year end

The European Investment Bank expects to open its first permanent presence in Ireland later this year. The plans were confirmed by Andrew McDowell, the new European Investment Bank Vice President responsible for Ireland during his first working visit to Dublin since assuming office earlier this month. “The European Investment Bank has played a key role in supporting Ireland’s economic recovery in recent years and unlocking new investment across the country for the last 4 decades. It is essenti…