| Project Detail |
This lending envelope aims to co-finance sub-operations supporting the Action Plans and Investment Plans of EU Cities labelled under the EU Mission - Climate Neutral and Smart City. These EU Mission Cities are striving to achieve climate neutrality by 2030. They are prioritizing their investments on sustainable urban renewal and regeneration, sustainable mobility and energy efficiency, among other sectors.
Objectives
This lending envelope aims to co-finance multi-sector sub-projects or sub-operations supporting the Action Plans and Investment Plans of Cities under the EU Mission - Climate Neutral and Smart City. The objective of the CNC Mission is to support 100 EU Cities ("the Mission Cities"), and 12 cities in associated countries, to achieve climate neutrality by 2030. Some of these Mission Cities also form part of the EU Mission for Climate Adaptation, supporting cities to become resilient to climate change by 2030. The sub-operations will target multi-sector investments mainly in Energy Efficiency (upgrades in buildings, public lighting, etc.), Renewable Energy, Sustainable Mobility, and Urban Renewal and Regeneration. The sub-operations may also comprise investments in other sectors which are priority for the city, in particular addressing Social Infrastructure (schools, housing, health facilities, etc.), Nature Based Solutions, Circular Economy (waste management, etc.) and Energy Transition. Measures will also include climate adaptation and mitigation measures. The project will be located in the EU Mission Cities labelled under the CNC Mission.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Water, sewerage - Water supply; sewerage, waste management and remediation activities
Solid waste - Water supply; sewerage, waste management and remediation activities
Urban development - Construction
Industry - Construction
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 2000 million
Total cost (Approximate amount)
EUR 4000 million |
