Dragasakis Hails Start of Programme for Sustainable Investments in Infrastructure

Dragasakis Hails Start of Programme for Sustainable Investments in Infrastructure

A new programme launched by the European Investment Bank and the National Bank of Greece for investment in green and urban infrastructure under the Infrastructure Fund of Funds (InfraFoF) will help in the sustainable financing of a great many investment plans, government vice-president and Economy and Development Minister Yiannis Dragasakis said on Thursday. "Today begins the provision of sustainable financing that will allow the horizontal and immediate support of many discrete investment plans, with the aim of immediately implementing multiple developmental and viable projects," he said. The policy for the Infrastructure Funds was part of this framework and it was now ready to begin operating, Dragasakis said. The programme combines funds from the European Union, national funds and financing from the EIB and the first contract, worth 650 million euros, will support new investments in renewable energy sources, energy efficiency and urban development throughout Greece. NBG is the first bank-partner and will locate and invest in new projects, which are expected to include wind and photovoltaic parks and other RES, among others.

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