Health & Environment

EIB okays €9bn in new funding to boost EU defence tech leadership

The boards of directors of the European Investment Bank (EIB) and European Investment Fund (EIF) approved new operations totalling €9.1 billion to strengthen Europe’s security and defence, tech leadership and critical infrastructure.
 
“We continue stepping up investments in cutting-edge security and defence technologies and innovative businesses,” said EIB Group President Nadia Calviño. 
 
“Our priority is clear: to support transformative projects that drive forward European technological leadership,” she stated.
 
The EIB Board approved €2.6 billion for transport projects and €2 billion for energy projects.-TradeArabia News Service