Belgian smart cities to receive additional financial help from the EU bank
The new programme, Smart Cities, Climate Action& Circular Economy II, will help local authorities, inter-municipal groupings and non-commercial organisations to implement their smart and sustainable projects
- December 17, 2018 14:30
- Olya Georgieva
An extended partnership between the European Investment Bank and the Belgian bank, Belfius, was signed in order to finance smart city initiatives throughout Belgium. The new program is called Smart Cities, Climate Action& Circular Economy II and aims to help the implementation of smart and sustainable projects throughout Belgium. The scope of the programme covers energy, mobility, urban development, water, waste and e-government – particularly open data.
Since the original partnership between the two banks, which was announced in 2014, over 1 billion Euros was invested in a total of 121 projects. Most of the projects financed combine energy efficiency and renewable energy measures with sustainable mobility and urban development. Already completed or in progress, the projects range from regeneration of city centres and transformation of villages to renovations of schools and cultural and sports centres, construction of rest and care homes, and centralisation of administrative and emergency services in new smart and sustainable buildings.