Greek local government to share €50m fund

31 Jan 14

Greek local authorities are to receive a further €50m from the European Investment Bank to help them invest in important economic sectors and public services such as transport and schools.

By Vivienne Russell | 31 January 2014

Greek local authorities are to receive a further €50m from the European Investment Bank to help them invest in important economic sectors and public services such as transport and schools.

The funding is the second and final tranche of a €100m facility to provide money to local authorities in Greece through the Consignment Deposits & Loan Fund.

‘The facility enables the local authorities to invest in key sectors for growth, jobs and quality of life, such as transport, educational infrastructure, cultural and historic heritage and rehabilitation of public buildings, environmental improvement, energy efficiency and tourism infrastructure,’ the EIB said.

To foster effective use of this money, the EIB and CDLF have today organised an information session for local authority representatives together with the Hellenic Agency for Local Development and Local Government and the Central Union of Municipalities of Greece. It is the first such session of its kind.