EU Commission and EBRD to Unlock €2.1 Billion for Sustainable Infrastructure and Green Economy

• Transportation, mobility, energy, infrastructure, digital connection, circular economy, and low-carbon technology will all be investment areas.

• Bulgaria, Croatia, Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia will all be covered by projects.

• The timing of this agreement is perfect for better preparing the EU to deal with the immediate economic and social repercussions of Russia's war against Ukraine.

The European Commission and the European Bank for Reconstruction and Development (EBRD) have signed an InvestEU guarantee agreement worth up to €450 million. The deal will make EBRD financing of up to €2.1 billion available for projects in the EU's green economy, digitization, and sustainable infrastructure.

This guarantee will be used by the EBRD to encourage investment across a variety of industries, including as transportation, mobility, energy, infrastructure, digital connectivity, and low-carbon technology. Additionally, investments in the bioeconomy, agriculture, tourism, research, digitalization, value chain solutions for essential raw materials, life science, smart cities, the sustainable blue economy, affordable social housing, and ICT will be supported. The EU's larger strategic goals of guaranteeing the green and digital transitions will be furthered by these expenditures.