EIB agrees €5.8bn investment in EU, Africa and LatAm

The European Investment Bank (EIB) has approved a total of €5.8 billion in new financing for 29 projects in the European Union, Africa, and Latin America. It includes €1.4 billion for the metro extension in Stockholm with a total length of 19.6km and 11 underground stations, and the acquisition of 161 new trains to reinforce the rolling stock of the Italian Lombardy Regions. It also gave the green light for financial support to climate action-related projects, mainly in the water and wastewater and energy sectors in France and Germany, adding up to €500 million.