News €247m to be spent on modernising motorway between France and Italy A total of €247m in funding has been raised for modernisation and safety work on the A32 motorway that connects northwest Italy and France via the Frejus tunnel. The project…
News €100m EU grant for Norway’s Arctic battery factory The EU’s Innovation Fund has given a €100m grant to Norwegian battery maker Freyr for its $1.6bn Giga Arctic project in northern Norway. Giga Arctic has been under development in…
News EU awards Rail Baltica a further €928m The EU’s Connecting Europe Facility has awarded an additional €928m in funding to an 870km rail line intended to pull the old Soviet states of Estonia, Latvia and Lithuania into…
News EU lends Brussels €475m for sustainable public transport The European Investment Bank (EIB) has given a €475m loan to the Brussels Capital Region to fund a scheme intended to make public transport more attractive than driving in the…
News EU threatens to seize €300bn from Russia to rebuild Ukraine EU Commission president Ursula von der Leyen today said the EU could seize €300bn of Russian Central Bank reserves and use it to rebuild Ukraine. A further €19bn of Russian…
News EU bank to mobilise $2.5bn for climate mitigation projects The European Investment Bank (EIB) is aiming to mobilise €2.5bn of investment in climate action projects in partnership with five private equity partners. The money will be spent on meeting…