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EUR 150 million to finance green shipping in Europe

Staff Writer |
The European Investment Bank and Dutch bank ABN Amro will sign an agreement to support investments for greening the European shipping fleet.




This framework is the first with a financial institution in the Netherlands and is supported by the “Connecting Europe Facility” and was made possible by the ”EFSI” (European Fund for Strategic Investments), central pillar of the Juncker Commission’s Investment Plan for Europe.

The framework guarantee agreement will ensure that promoters of sustainable projects in the maritime transport sector can benefit from favourable financial terms as a result of the EIB's ABN Amro rating.

The facility is open for both retrofitting of existing shipping as well as for projects that envisage the construction of new vessels with a green innovation aspect, it applies to both inland shipping and seagoing operators.

This sector risk bearing programme is meant for projects that will improve the environmental performance of transport vessels in terms of diminishing the emission of pollutants as well as increasing fuel efficiency.

Projects should be proposed to the ABN Amro Bank and will be subject to their eligibility and risk acceptance criteria.


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