Left Menu
Development News Edition

EIB signs CZK 1.3bn loan with Central Bohemia Region in Czech Republic

Investment in the transport sector will include improvements to intra-regional connectivity, which will result in safer roads and reduced traffic congestion.

EIB | Prague | Updated: 13-10-2020 15:06 IST | Created: 13-10-2020 15:06 IST
EIB signs CZK 1.3bn loan with Central Bohemia Region in Czech Republic
The project will also contribute to improving the quality of public services in the sectors of education and culture, thanks to the construction and rehabilitation of dedicated buildings. Image Credit: Flickr

The European Investment Bank (EIB) signed a CZK 1.3 billion loan (equivalent to €48 million) with Středočeský Kraj, the Region of Central Bohemia in the Czech Republic, to improve healthcare, transport, social care and education infrastructures, as well as to increase the energy efficiency of public buildings.

EIB loan will cover the construction, modernisation and optimisation of the medical facilities of the region. It will enable the medical infrastructures to achieve higher efficiency, increased service quality, energy savings, as well as improved emergency preparedness, notably to cope with pandemics such as the COVID-19.

Investment in the transport sector will include improvements to intra-regional connectivity, which will result in safer roads and reduced traffic congestion. The project will also contribute to improving the quality of public services in the sectors of education and culture, thanks to the construction and rehabilitation of dedicated buildings.

EIB Vice-President Lilyana Pavlova said: Supporting cohesion so that each European region can achieve its full potential is one of the original raisons d'être of the EIB and is now more than ever one of our priorities. I am very pleased to announce this partnership with the Central Bohemia Region of the Czech Republic during the European Week of Regions and Cities. I am convinced that our joint projects will contribute to building sustainable and resilient infrastructure that will enable the region to cope with current and future health, economic and climate challenges. Together we will enhance the attractiveness of the region and increase economic opportunities and the quality of life of all citizens."

„In the next four years, the loan will be drawn in the Central Bohemia Region on the basis of individual applications and contracts. The first drawdown should be this year for a total of 52 projects, of which 17 are projects in the field of healthcare (CZK 2 billion), 15 projects in the field of road transport (CZK 449 million), 2 projects in the field of education (CZK 176 million), 4 projects in the field of social affairs (CZK 255 million) and 14 projects in the field of energy savings (CZK 152 million)," specified Gabriel Kovács, Deputy Governor for Finance (ANO 2011).

This new EIB financing contributes to the Central Bohemia regional plans for development and land-use, which seek to improve the backbone infrastructure of the region and thus boost the economy and improve the quality of public services in the region. The energy efficiency measures included in the project for the rehabilitation and construction of new public buildings are in line with the Central Bohemia Energy Policy. The EIB is also providing technical assistance through its European Local Energy Assistance (ELENA) for deep energy efficiency renovation projects in buildings of organisations administrated by the Central Bohemia Region. As Cohesion Priority Region, Central Bohemia is also receiving EU support to implement its development plans.

The Central Bohemia Region Development Programme 2014-2020 comprises five development priorities for the Region: entrepreneurship and employment, infrastructure and territorial development, human resources and education, countryside and agriculture and environment.


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Embassy group starts 1st co-living centre in Bengaluru; targets 100 facilities by 2021

Embassy group, which recently entered into co-living business, on Tuesday said it has started its first centre in Bengaluru in tie up with a building owner and plans to touch 100 facilities by the end of next year through this asset-light m...

Hong Kong to shut bars, nightclubs for third time as new COVID-19 cases jump

Hong Kong will close bars, nightclubs and other entertainment venues for the third time this year, Health Secretary Sophia Chan said on Tuesday as authorities scramble to tackle a renewed rise in coronavirus cases. Authorities are also reop...

Siemens Gamesa starts production of 250MW of clean energy in South Africa

Siemens Gamesa has officially started production of Mainstream Renewable Powers 110MW Perdekraal East and 140 MW Kangnas wind farms in South Africa, supporting additional green power supply into the countrys national grid.The Perdekraal Eas...

Akshay Kumar shares gripping clip from 'Durgamati'

Akshay Kumar on Tuesday shared a gripping teaser of his Bhumi Pednekar co-starrer Durgamati, and announced that the trailer of the horror-drama will be released on Wednesday. The Good Newwz actor posted a horror-filled clip from the film on...

Give Feedback