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Image header Agence Europe
Europe Daily Bulletin No. 8946
Contents Publication in full By article 28 / 31
GENERAL NEWS / (eu) eu/eib

EUR 40 million for Flood Protection Barrier in St Petersburg

Brussels, 12/05/2005 (Agence Europe) - The European Investment Bank (EIB), in line with the Baltic Sea environmental objectives of its first lending mandate for Russia, lends EUR 40 million to the Russian Federation for the completion of the St Petersburg Flood Protection Barrier (25 km barrier stretching across the Neva Bay) to protect the city from the risks of floods and pollution of contaminants carried by floodwaters. About four meters above sea level, the city is afflicted by flooding...

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