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Funding boost for European infrastructure

European Investment Bank

Around £2.2bn (E2.6bn) will be poured into European infrastructure projects following approval by the European Investment Bank (EIB).

The announcement includes two loans totalling £472M to finance the expansion of Orly airport in Paris and the new terminal and pier at Amsterdam’s Schiphol airport.

The Blankenburg motorway tunnel to Rotterdam, congested road links in Poland and rural transport infrastructure in Spain will all receive a boost from the funds.

Support was confirmed for renewable energy projects including a 650MW windfarm in Sweden, eight windfarms and two solar photovoltaic plants in France generating 181MW, along with a new transmission link to a windfarm off the UK coast.

The money is part of a wider £6.1bn investment for strategic infrastructure, innovation and more efficient use of natural resources. Outside of Europe clean water investment in Bangladesh and a new bridge over the Senegal River in West Africa received backing.

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