Brussels, 07/06/2016 (Agence Europe) - On Tuesday 7 June, the European Commission announced the release of €200 million for the Neighbourhood Investment Facility, which it says should enable another €2 billion in investments in the EU's southern and eastern neighbourhood.
These investments are expected to involve critical infrastructure covering transport, energy and the environment, as well as the development of social and private sectors in the EU neighbourhood countries.
The Neighbourhood Investment Facility combines EU grants with other financial resources from the public and private sectors, including loans and equity financing. Between 2008 and 2014, 95 projects benefitted from financial support through this Facility, totalling over €1 billion. This support enabled a further €25 billion to be mobilised. (Original version in French by Camille-Cerise Gessant)