EU Bank calls on to slow down millions on German highways

EU Bank calls on to slow down millions on German highways

The European Investment Bank’s decision to loan Germany €264 million to build a new stretch of autobahn has provoked outcry from environmental activists and raised doubts about whether the Luxembourg-based lender can yet claim to be the ‘EU climate bank’. Under a deal finalised in September, the EIB will fund about 20% of the costs to build a 31km-long section of the A49 highway in the state of Hesse, central Germany. The total cost of the project is estimated to be about €1.3 billion. According to the bank, the project…

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