Press Release: Key investment projects in the European Neighbourhood get a €85 million boost

The European Commission has decided to grant an additional €85 million to the Neighbourhood Investment Facility (NIF) for 2010. This will allow neighbouring partner countries to leverage increased funding for major investment projects in key areas such as energy, transport and environment, as well as in the social sector (for projects such as construction of schools and hospitals). Private sector development will also be encouraged, targeting especially Small and Medium Enterprises (SMEs).