Galway East TD and Minister for Rural Affairs Seán Canney has welcome the European Investment Bank’s (EIB) approval of €4.8 billion in new financing for investment in rural areas, energy transition, transport and the private sector.
It includes support for projects to improve communications in rural regions, increase private sector investment to support climate action and accelerate the transition to clean energy.
Minister Canney said: “This investment finance is very welcome news and sends a strong signal throughout Europe about supporting rural communities.
“I am also very pleased that the EIB is taking the initiative on financing projects around climate action, which is one of the most pressing issues of our time.”
The EIB intends to finance a range of climate action projects, including flood mitigation schemes across Europe.

For more information, contact Minister Canney on 086-2513639
July 18 2019