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Monday, 22 March 2010

11 new projects funded by the EU Africa Infrastructure Trust Fund in 2009

In 2009, a total of 11 grant operations were approved by the EU-Africa Infrastructure Trust Fund to build large-scale energy, transport and information and communication technology infrastructures of regional importance across Africa. The Trust Fund, managed by the European Investment Bank, further expanded its budget in 2009. Total grant resources of € 372 million have been provided to the Fund since its launch and could leverage up to € 5 billion in loans from European or international development financial institutions and the private sector. The European Commission, the main contributor to the Fund, increased its participation by € 200 million.

Source: European Investment Bank