France Receives 500 Million For Local Authorities And Their Ecological Transition

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Date: January 30

The European Investment Bank (EIB) and the Banque des Territoires launch a new financing line of 500 million euros. Thanks to this financing, the fourth of its kind, the Banque des Territoires will continue to grant fixed-rate loans to the public sector in addition to its traditional offer. This action confirms the solidity of the partnership established in June 2013 between the Caisse des Dépôts and the European Investment Bank to relaunch investment projects in favor of the ecological transformation of territories.

This resource from the European Investment Bank will improve access to long-term financing for small-scale investments, in particular for energy efficiency in buildings and urban renewal, water and sanitation networks, education, soft mobility and clean public transport.

“This financing illustrates the EIB’s desire to promote greener and more sustainable public facilities, which contribute in a very concrete way to the ecological transition in the territories,” said Ambroise Fayolle, EIB Vice-President. “Thanks to this aspect of our partnership with Banque des Territoires, the EIB facilitates the financing of investment projects for small and medium-sized local authorities.”

For his part, Eric Lombard, executive director of Caisse des Dépôts, pointed out that “the renewal of the collaboration of the Banque des Territoires with the European Investment Bank has the common objective of financing projects that are transforming our country in the long term. The Banque des Territoires offers privileged access to European resources to all French local authorities to support them in the challenges of ecological transformation.”

Source: Review Energy

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