MIL OSI Translation. Government of the Republic of France statements from French to English –
Source: European Investment Bank
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The Mont Saint Jean school in Waterloo (BE) renovated as part of the EIB operation with the FWB concluded in 2016 for educational infrastructure. © EIB The EIB and the FWB announce a EUR 600 million agreement, of which a first tranche of EUR 300 million has been signed, to support the FWB’s investment program focused on education, innovation and sustainable infrastructure, in line with the Green Deal for Europe.
The funding will be devoted mainly to projects to renovate the school infrastructure of all networks, eligible by 2024.
It is a commitment for the future and a sign of strong confidence in a difficult context and current affairs
The European Investment Bank (EIB) and the Wallonia-Brussels Federation (FWB) announce the conclusion of a loan agreement of 600 million euros, of which a first part of 300 million was formalized today, for the construction sustainability and the renovation of educational buildings in the Wallonia Brussels Federation.
The Wallonia-Brussels Federation has expressed very important ambitions in terms of improving school infrastructure and reducing carbon emissions linked to the dilapidation of current buildings. These are in line with the objectives of the EIB, as a European climate bank, also focused on growth-promoting investments such as education.
This partnership between the FWB and the EIB is in addition to an initial envelope of EUR 300 million already mobilized since 2016, and will bring the total support granted to the Wallonia-Brussels Federation by the EIB to EUR 900 million. This collaboration is also in line with the EU guidelines both in terms of reducing CO2 emissions (in the “Green deal for Europe“) Than economic stimulus under the”Ease for recovery and resilience», Main instrument at the heart of the European program ‘NextGenerationEU’.
Minister Frédéric Daerden declared: “Despite the current difficult context, we want to maintain and develop our investment policy for the climate transition, but also for the emancipation and well-being of Francophones. This renewed partnership is part of this ambition. From a very concrete point of view, it will allow us to take action to renovate school infrastructure, all networks, sports and even cultural infrastructure. From a financial point of view, it also offers the advantage of flexibility: funding tranches can be raised depending on the pace of our investments. Any benefit for government management and Francophones ”.
The EIB Representative for Operations in Belgium, Pierre-Emmanuel Noël underlined: “This new partnership shows the importance of maintaining and even amplifying virtuous public investment in this period of strong economic deceleration. The FWB investment program will improve learning conditions for students of all relevant levels and thus ensure greater competitiveness. Equally important, more energy efficient buildings will significantly contribute to Belgium’s climate goals. We are very happy to be able to be associated with it ”.
The Community Treasury Board, bringing together all the expertise in the French Community in financial matters, recommended that collaboration be continued with the EIB. For the Wallonia-Brussels Federation, the partnership with the EIB is in line with its financial strategy: maintaining the diversification of funding sources and establishing partnerships that are promising for the future.
About the European Investment Bank
The EIB, on its way to becoming ‘The European climate bank’ adopted an ambitious program to support the mobilization of EUR 1 trillion of investments for climate action and environmental sustainability from 2021 to 2030, and to increase the share of the funding it devotes to them to more than 50% by 2025. From the beginning of 2021, in line with its Climate roadmap, all new EIB Group operations will be aligned with the objectives and principles of the Paris Agreement.
In Belgium, it has also been committed for many years to supporting the development of renewable energies and energy efficiency, not to mention projects in many sectors of the Belgian economy that include a sustainable development component.
About the Wallonia-Brussels Federation
The Wallonia-Brussels Federation is an institution serving French speakers in Brussels and Wallonia. Its skills are exercised in education, culture, sport, youth assistance, scientific research and houses of justice.
It has a Parliament, a Government and Public Services allowing the achievement of its missions. Not collecting taxes directly, the Wallonia-Brussels Federation finds its main source of funding in the tax revenues collected and paid by the federal authority.
More information on www.federation-wallonie-bruxelles.be
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.