Baku, Azerbaijan, April 5. The European
Investment Bank (EIB) has signed a 234 million euro loan agreement
with the government of Aragón, Spain, to support projects aimed at
advancing the region’s green and digital transition, Trend reports.
This loan is the first installment of a 260-million-euro loan
package approved by the EIB.
The funding will support various initiatives, including the
transfer of advanced technologies to businesses in Aragón, the One
Health Teruel health biotechnology project, local waste reuse and
land decontamination, and improvements in energy efficiency for
public healthcare and educational facilities. Additionally, the
loan will assist social employment and active inclusion efforts in
rural areas, particularly those at risk of depopulation.
This agreement falls under the EU regional development and
cohesion funds operational programme for 2021-2027 and will utilize
resources from the European Regional Development Fund (ERDF), the
European Social Fund Plus (ESF+), and the Just Transition Fund.
The EU Just Transition Fund focuses on helping regions with
socioeconomic challenges in achieving climate neutrality.
Specifically, in Teruel, the funding will support projects in green
industrial transformation, sustainable mobility, energy efficiency,
renewable energy, and various other initiatives to boost economic
and social development.
The EIB’s financing commitment aligns with its broader strategic
priorities of promoting climate action and fostering economic,
social, and territorial cohesion.