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June 26, 2023       Share:    

Source: https://www.timesofisrael.com/eu-financial-arm-to-invest-e900m-in-israel-including-western-galilee-desalination/

EU's Investment Bank Allocates 900 Million Euros for Israel

(Times of Israel) Sharon Wrobel - The European Investment Bank (EIB), the financial arm of the EU, announced Sunday that it will invest 150 million euros in Israel's seventh desalination facility, planned for the Western Galilee. EIB will also provide a 500 million euro credit line to small and medium-sized companies across Israel to encourage new investment in green and environmental projects. In addition, EIB is looking to invest 250 million euros in the Tel Aviv light rail project. EIB has co-financed 28 projects in Israel since 1981, investing 2.3 billion euros.

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