Slovenian municipalities will share 100 million euros for sustainable development
A total of 100 million euros of investments have been announced for the green and sustainable development of municipalities in Slovenia.
The European Investment Bank (EIB) and SID Bank are each providing € 50 million (€ 41.8 million) to create a new source of affordable financing for investments in small green infrastructure projects promoted by Slovenian municipalities.
Local governments and their public companies will be able to fund smaller infrastructure measures, including energy efficiency and environmental protection in their communities, reducing their energy consumption, energy waste and carbon footprint.
They will support the EU’s plans to become carbon neutral by 2050.
Sibil Svilan, President of the Management Board and Executive Director of SID Bank, said: “The long-standing good cooperation between the EIB and SID Bank has been reaffirmed by a new loan of EUR 100 million, which will finance municipalities and municipal public companies. Funding will be available for infrastructure, energy efficiency and environmental projects.
“I am firmly convinced that all funded projects will be crucial for the sustainable development of Slovenia, as the successful implementation of public infrastructure projects depends on such long-term and favorable sources of funding.