Press Release: The European Union actively supports investments for infrastructure projects in the EU’s neighbourhood

After only a year of activity, the Neighbourhood Investment Facility (NIF) has already produced impressive results on the ground and has contributed to mobilising important funding for infrastructure projects in the neighbourhood region of the European Union. The € 71 million of grants provided by the NIF in 2008 underpinned projects worth around € 2.7 billion, of which € 1.6 billion come from loans provided by the European Public Finance Institutions, such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the Council of Europe Development Bank (CEB), the Agence Française de Développement (AFD) and the Kreditanstalt für Wiederaufbau (KfW).