The European Investment Bank (EIB) and Caisse des Dépôts have announced a €1 billion ($1.2 billion) credit line to provide the French public sector with capital for sustainable investment projects.
This program unlocks European funding for local-authority investment projects of less than €25 million ($30 million). It follows two previous deals signed in 2015 and 2019 which brought €1.8 billion ($2.2 billion) of financing to the French public sector.
The EIB funds will improve access to long-term financing for small-scale investments, particularly in energy-efficiency measures for buildings, water supply and sewerage networks, sustainable mobility and clean public transport. Caisse des Dépôts is providing its funding through the lending arm of Banque des Territoires.
“This financing is a perfect illustration of the commitment of the EIB, as the EU climate bank, to promoting green projects and helping make the European Union the world’s first carbon-
