The European Investment Bank (EIB) has signed an €50 million loan with the Port Authority of Málaga to finance the expansion and electrification of the Port of Málaga. This project highlights maritime transport as an alternative to other more carbon-intensive modes of transport. With this loan, the EIB is also helping to make maritime transport more sustainable and efficient.
The European Union agricultural sector loses more than €28 billion a year, on average, as a result of adverse weather such as droughts and the EU can do more to reduce such business risks, including by expanding farm insurance, according to a groundbreaking new study.
The European Investment Bank (EIB) has signed a €300 million financing agreement with Portugal to co-finance the School Restoration and Rehabilitation Programme, which aims to modernise hundreds of state-funded schools across the country. The agreement was signed by the Portuguese Treasury and Public Debt Management Agency (IGCP).