Banking

European Investment Bank chief visits projects supported by €1.6 billion funding

Group’s president Nadia Calvino said the money had been spent on climate infrastructure, schools and healthcare

Michael McGrath, the finance minister, and European Investment Bank group president, Nadia Calvino, at government buildings in Dublin. Picture: Cate McCurry/PA Wire

The head of the European Investment Bank Group was today visiting projects in Dublin that have been supported by €1.6 billion funding.

The group’s president Nadia Calvino said the money had been spent on climate infrastructure, schools and healthcare, with the EIB providing “unprecedented” backing for transformational investment across Ireland last year.

The funding helped companies expand and create skilled jobs, enabled homeowners to cut energy bills, increased renewable energy generation and supported the development of the new Cork University Business School (CUBS).