The European Investment Bank will allocate 381 million euros for transport, hospitals and schools.
On 11 March 2021, the European Investment Bank (EIB) approved a new 3.7 billion euros investment to support businesses, renewable energy, internet, health, education and sustainable urban development.
The financial assistance aims to improve different regions in Europe hit the Covid-19 pandemic, and it will be distributed as follows:
- 2.4 billion euros to strengthen access to financial and economic resilience in response to Covid-19
- 1.5 billion euros to fund private sector COVID crisis response under the Pan-European Guarantee Fund
- 688 million euros to support solar and wind energy
- 381 million euros for transport, upgrading hospitals and schools, and sustainable urban investment
European cities and communities will benefit from the new EIB investment in various projects – some of which had already been started and others are just being approved.
Wroclaw (Poland) has plans to improve energy efficiency, urban transport, education, sports and cultural facilities.