Financing Local Authorities - the European Investment Bank

The European Investment Bank will organise a conference on “The EIB – Partner to Towns and Municipalities”.

The presentations and discussions will provide an opportunity to exchange ideas on current urban development issues with representatives of the worlds of politics, management and finance against the backdrop of the financial crisis. The emphasis will be on the financing and implementation of municipal transport, education, energy efficiency, water and waste management projects.

The German Urban Studies Institute has estimated that the investment needs of municipalities across the country amount to some EUR 47 billion a year. This event will attempt to pinpoint specific ways to raise these resources and identify the financing sources – tried and trusted or innovative; regional, national and European – that are available to help meet the manifold challenges.

Speakers are:
• Jörg Asmussen, Secretary of State, Department of Finance
• Dr. Matthias Kollatz-Ahnen, Vice-President, EIB
• Dr. Axel Nawrath, Member of the Governing Board, KfW
• Petra Roth, President of the Association of Towns and Cities and Mayor of Frankfurt am Main

• Chair: Markus Rosenthal, Rosenthal Relations Public Affairs

The conference will begin at 2 pm and end at around 6 pm. Discussions can then be continued to the accompaniment of light refreshments and music.

For further information and registration please contact h.meijer@eib.org

The EIB has been set up under the Treaty of Rome.

EIB clients are public and private sector bodies and enterprises. The project promoted by the public or private client must be in line with the lending objectives of the EIB and be economically, financially, technically and environmentally sound.

The EIB finances a broad range of projects in all sectors of the economy. Projects must adhere to at least one of the EIB lending objectives.

As a rule, the Bank lends up to 50% of the investment costs of a project.

European Investment Bank
Press contact: Hellen Meijer
98-100, boulevard Konrad Adenauer
L-2950 Luxembourg
(+352) 43 79 - 22000
(+352) 43 79 - 62000
h.meijer@eib.org

This release was published on openPR.