The EIB in Greece: by the numbers
June 15, 2012
1. Since 2000 the EIB has financed only one project in the renewable energy sector, EUR 75 mln for windmill construction in 2003.
2. In 2002 and 2004 the EIB lent EUR 1,5 bln for the construction of Olympic Games infrastructure. This is the second largest individual loan for Greece, after EUR 2 bln in EU-funds cofinancing in 2010.
3. Energy investments between 2000 and 2011 totaled EUR 2.7 bln, for projects including gas power plants and pipelines, upgrades and the construction of electricity transmission networks and oil refineries.
4. Between 2000 - 2008 EIB lent EUR 3.163 bln for motorways and related bypasses, 36 percent of its entire country portfolio during the same period.
Two European public banks are currently reviewing their energy lending policies. We call for an end to coal subsidies.
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