The EIB approved an increase of its lending to the South Moravia Region by CZK 300 million (EUR 12 million) dedicated to co-financing primarily the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.

The European Investment Bank (EIB) approved an increase of its lending to the South Moravia Region by CZK 300 million (EUR 12 million) dedicated to co-financing primarily the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.

The extended EIB loan will co-finance development and rehabilitation of the regional infrastructure, particularly in the areas of roads, education, health, public administration, renewable energy and energy efficiency. EIB funds will support for example: a number of investments related to the regional road network receiving EU grants from the Regional Operational Programme South-East; and energy saving measures implemented in schools, health care facilities and some other public buildings receiving support from the Operational Programme Environment.

The signed loan extension is a continuation of the successful cooperation between the EIB and the South Moravia Region after the Bank granted loans of CZK 1.2 billion was in 2005 and of CZK 2 billion in 2009. Both loans have financed rehabilitation of the regional road network, education, health, social care, tourism, R&D and increase the energy efficiency of public buildings.