Greece: Prime Minister Mitsotakis welcomes EIB backing for EUR 3 billion city growth and vitality effectivity funding throughout Greece

Greece: Prime Minister Mitsotakis welcomes EIB backing for EUR 3 billion city growth and vitality effectivity funding throughout Greece


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  • EUR 875 million new long-term EIB financing to speed up nationwide implementation of Helektra vitality effectivity programme and Antonis Tritsis sustainable city funding scheme
  • New funding to chop vitality payments, cut back carbon emissions,  enhance street security, improve water and waste providers, and strengthen local weather resilience, public well being and earthquake safety
  • Native schemes to improve colleges, hospitals, public constructing and sports activities services
  • EIB President confirms assist for local weather motion and sustainable funding in Greece following document EUR 2.8 billion assist for high-impact non-public and public funding in 2020

Implementation of a whole lot of native sustainable city funding schemes and vitality effectivity tasks in cities and cities throughout Greece will begin following settlement for EUR 875 million of recent long-term European Funding Financial institution financing confirmed in the present day by Prime Minister Mitsotakis and EIB President Werner Hoyer.

“As we see the top of the pandemic in sight, as vaccinations choose up in tempo, I believe it is extremely essential now to step up our effort to design the longer term on this post-pandemic world. Greece, as you understand, has already submitted its plan for the Restoration and Resilience Fund, which has obtained very constructive opinions by the European Union. And I’m certain there shall be quite a few alternatives above and past the 2 agreements that shall be signed in the present day for our cooperation to additional strengthen, to additional deepen and for the EIB to be an integral half in Greece’s success,” stated Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic.

“The EIB Group is dedicated to accelerating local weather motion and sustainable city funding throughout Greece. The brand new EUR 875 million long-term financing agreed in the present day will again EUR 3 billon of recent funding in high-impact native tasks below the pioneering Helektra vitality effectivity and Antonis Tritsis sustainable city funding schemes within the coming years. The brand new agreements characterize the biggest EIB assist for vitality effectivity and concrete funding in 58 years of engagement in Greece. This displays the size and imaginative and prescient of our Greek companions to scale up precedence funding and the shut cooperation with the EIB’s devoted Funding Group for Greece in Athens and Luxembourg.” stated Werner Hoyer, President of the European Funding Financial institution.

The most recent EIB assist for local weather motion in Greece will allow EUR 3 billion of recent funding to scale back vitality use, minimize carbon emissions, enhance public well being, earthquake safety, water and waste providers below two initiatives led by the Ministry of Setting and Power and Ministry of the Inside. The Helektra programme will enhance vitality effectivity in public buildings nationwide and the Antonis Tritsis scheme will strengthen sustainable city funding.

Financing agreements for the primary EIB loans for the 2 initiatives had been signed between the President of Consignment Deposits and Loans Fund Mr Dimitrios Stamatis and EIB Vice President liable for Greece Christian Kettel Thomsen, in a digital ceremony with the presence of Greek Prime Minister Kyriakos Mitsotakis and European Funding Financial institution President Werner Hoyer.

The significance and affect of the 2 new funding programmes had been highlighted by Deputy Inside Minister Stelios Petsas, Finance Minister and Governor of the European Funding Financial institution Christos Staikouras, Alternate Finance Minister Theodoros Skylakakis, Improvement Minister Adonis Georgiadis, Setting and Power Minister Kostas Skrekas and Inside Minister Makis Voridis, in addition to the presidents of the Affiliation of Areas (ENPE) and Central Union of Municipalities (KEDE) Apostolos Tzitzikostas and Dimitris Papastergiou.

Christina Giovani, Alternate Chair of Consignment Deposits and Loans Fund additionally participated.

EUR 500 million for sustainable city growth throughout Greece

The EIB will present a EUR 500 million 25 yr mortgage to assist the Antonis Tritsis scheme aiming to strengthen sustainable city funding on the town and cities throughout Greece.

This can embrace schemes to enhance water and wastewater, waste administration, street security and local weather resilience, sensible metropolis schemes, flood safety, earthquake safety in colleges and bettering public well being measures towards COVID-19.

The brand new sustainable city funding initiative will scale up precedence funding together with city regeneration and improve renewable vitality use to enhance the standard of lifetime of native residents and attractiveness for enterprise and tourism.

The general scheme is being applied by the Ministry of the Inside and eligible funding tasks shall be managed by the Consignment Deposits and Loans Fund

EUR 375 million to chop vitality prices and enhance vitality effectivity in public buildings

The EIB additionally formally agreed to supply EUR 375 million to again the Helektra programme to enhance vitality effectivity in public buildings, colleges, hospitals and sports activities services.

The brand new funding will enhance insulation, change out of date heating and cooling tools and improve use of renewable vitality. This can be certain that vitality prices are decreased and carbon emissions minimize for public buildings, and contribute to Greek and European vitality effectivity targets.

The Helektra programme is predicted to generate vitality financial savings in public buildings of no less than 30%, lowering air air pollution and greenhouse gasoline emissions.

This scheme is being led by the Ministry of Setting and Power and shall be managed by the Consignment Deposits and Loans Fund.

Constructing on document EIB Group engagement in Greece

Forward of the announcement Prime Minister Mitsotakis, European Funding Financial institution President Werner Hoyer and Vice President Christian Kettel Thomsen mentioned the document EUR 2.8 billion of recent assist for high-impact non-public and public funding in Greece agreed between the European Funding Financial institution and European Funding Fund and Greek companions final yr, in addition to priorities for future engagement.



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