EIB to loan EUR 50m for Green City in Crete
02 February 2010
The European Investment Bank is promoting 'green cities' in Greece through a pioneering loan of EUR 50 million to the municipality of Heraklion in Crete. The investments aim at promoting local development to improve the quality of life of residents and visitors and mainly concern public spaces, road safety measures, environmental protection, cultural heritage and buildings for municipal services.
They form part of the municipality's "Green Heraklion 2008-2013" urban development programme. The project includes schemes primarily in the fields of urban renewal and rehabilitation of municipal infrastructure and community facilities, embracing, where appropriate, environmental protection and energy saving schemes. It also comprises the city's new cultural and conference centre of Heraklion, which with 140.000 inhabitants is the largest city in Crete and its administrative and economic centre.
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