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The EIB grants a loan to Andalusia for I + D, renewable energy and sustainable transport

Adriana Duran 06/04/2014

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The EIB grants a loan to Andalusia for I + D, renewable energy and sustainable transport

The European Investment Bank (EIB) has granted the Andalusian Government a loan of 217 million euros to finance, among other strategic sectors of the Andalusian economy, sustainable transport infrastructures, investments in innovation and technological development and promotion of the use of renewable energies.

This is the first tranche of a loan of 725 million euros that the EIB will provide to the Board to co-finance, together with the ERDF funds and the European Social Fund, the regional operational program Andalucía 2014-2020. The loan was signed in Seville by the head of the EIB for the public sector and infrastructure in Spain, Juan Basora, and by the Minister of Finance of the Junta de Andalucía, Maria Jesus Montero.

The program also includes investments in projects aimed at renovating public infrastructures and regenerating rural and urban areas, facilitating the rehabilitation of homes. The objective of all these investments financed with the funds signed with the EIB is to contribute to the reindustrialization of Andalusia, to the internationalization of its economy and to social integration by encouraging the creation of employment and improvements in training and education.