13/05/2016 (Agence Europe) - Juncker Investment Plan: First cooperation agreement with a public development bank. In Madrid on Friday 13 May, the EIB and the Instituto de Crédito Oficial of Spain (ICO) signed a €50 million cooperation agreement under the Juncker Plan that aims to attract €315 billion in additional private investment by 2018. Under the terms of the agreement, the first of its type under the Juncker Plan, ICO will invest between €5 million and €40 million per project via its through its venture capital fund FOND-ICO Infraestructuras in infrastructure projects in transport, energy, protection of the environment and the social sector. These projects have a target investment size of €250 million and will be granted a public guarantee by the European Fund for Strategic Investment (EFSI), the Juncker Plan's financial arm. Spain is contributing €1.5 billion to the Investment Plan for Europe via ICO. (MB)