EIB launches new €700 mln facility for Poland

The European Investment Bank has announced it would lend €700 million to Poland for key investments in research, development and innovation, the EIB said in a news release on Thursday. The financing will also support the development of transport infrastructure in Eastern Poland. “We are building on the excellent cooperation with the Polish authorities and joining forces with the European Commission to support a large number of projects contributing to sustainable economic growth and a better quality of life for the people of Poland,” said EIB vice-president  László Baranyay. The new facility will finance selected projects with four EU-funded operational programs in the country, “Smart Development”, “Digital Poland”, “Knowledge Education and Development”, and “Eastern Poland”.