Series Title | European Voice |
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Series Details | Vol.9, No.18, 15.5.03, p24 |
Publication Date | 15/05/2003 |
Content Type | News |
Date: 15/05/03 THE European Investment Bank has announced a €200 million loan deal to authorities in Castilla-La Mancha, central Spain, for financing a raft of small-scale infrastructure projects. The loan will help finance urban regeneration schemes in parts of the region granted 'objective one' status - reserved for the EU's poorest areas. Projects are likely to include construction of community centres, refurbishment of historic buildings, cultural facilities and hospitals, in what is the biggest-ever loan granted to the region by the Luxembourg-based EIB - owned by the EU's 15 member states. The bank lent €39.6 billion in 2002, of which l5.4 billion went towards Spanish projects. In a separate move, the EIB has agreed two €50 million loans in Belgium. The cash injection is set to finance the construction of criminal courts in Liège and Mons. |
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Countries / Regions | Spain |