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European Union

EIB Strengthens Support for Green and Sustainable Urban Development in Greece with €500 Million Financing Agreement

Strategic Insights

— 2 min read

The European Investment Bank (EIB) has signed a new €500 million loan with the Consignment Deposits and Loans Fund (CDLF) to support hundreds of sustainable projects in cities and towns across Greece. This funding will help local authorities invest in cleaner water, better waste management, safer roads, greener public buildings, and smarter urban services. The EIB's total support under the "Antonis Tritsis" programme now reaches €1 billion, making it one of the largest urban investment partnerships between Greece and the EU Bank.

Key Takeaways:

  • The €500 million loan will support hundreds of sustainable projects in cities and towns across Greece, focusing on cleaner water, better waste management, safer roads, greener public buildings, and smarter urban services.
  • The EIB's total support under the "Antonis Tritsis" programme now reaches €1 billion, making it one of the largest urban investment partnerships between Greece and the EU Bank.
  • The financing will be spread across the country, helping cities and smaller communities address local challenges and improve quality of life.
  • The EIB will complement its financing with advisory services under InvestEU and other EU-supported technical assistance programmes.
  • Projects eligible for funding must be climate-aligned and follow the principles of sustainable development.
  • The "Antonis Tritsis" programme supports a wide range of investments, including urban regeneration, flood and seismic protection, water and waste management, e-mobility, renovation and construction of municipal buildings, and smart city initiatives.
  • The EIB has invested in various sectors, including sustainable water and wastewater management, solid waste infrastructure and recycling, safer and more climate-resilient roads, energy-efficient upgrades to public buildings, urban regeneration and public space improvements, smart city technologies and digital services, and anti-seismic measures in schools and other public infrastructure.
  • The CRDL has signed loan agreements totalling €2.7 billion under the "Antonis Tritsis" programme, of which €1.7 billion has already been disbursed.
  • The EIB has signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe's competitiveness and security.
  • The EIB Group supported a record of over €100 billion in new investment for Europe's energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups, and European pioneers.
  • Approximately half of the EIB's financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

Statistics:

  • €1 billion: The total EIB support under the "Antonis Tritsis" programme.
  • €500 million: The new loan signed with the Consignment Deposits and Loans Fund (CDLF) to support sustainable projects in cities and towns across Greece.
  • €2.7 billion: The total loan agreements signed by the CDLF under the "Antonis Tritsis" programme.
  • €1.7 billion: The amount of loan agreements disbursed by the CDLF under the "Antonis Tritsis" programme.
  • €89 billion: The new financing signed by the EIB Group in 2024 for over 900 high-impact projects.
  • €100 billion: The record new investment supported by the EIB Group for Europe's energy security in 2024.
  • €110 billion: The growth capital mobilised by the EIB Group for startups, scale-ups, and European pioneers.

Sources:

  • European Investment Bank (EIB)
  • Consignment Deposits and Loans Fund (CDLF)
  • Hellenic Republic Ministry of Interior

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