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Investment Plan's Advisory Hub supports infrastructure projects for climate protection, urban and rural development in German municipalities

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With funding from the European Investment Advisory Hub (EIAH) under the Investment Plan for Europe, Investitionsbank Schleswig-Holstein (IB.SH) in Germany will provide municipalities with free-of-charge advisory services in support of infrastructure projects. An agreement was signed today between the European Investment Bank (EIB) and the IB.SH under which the latter will receive €500,000 in funding from the EIAH's Call for Proposals to National Promotional Banks and Institutions. The advisory services provided by IB.SH will help municipalities prepare and implement sustainable and financially viable projects as well as assist them in accessing funding and financing. The support will also include knowledge exchange and capacity-building for municipal authorities.

Economy Commissioner Paolo Gentiloni said: “Thanks to the support of the Investment Plan for Europe's Advisory Hub, Investitionsbank Schleswig-Holstein in Germany will be able to provide free-of-charge advisory services, supporting municipalities to develop and implement sustainable infrastructure projects locally. This is an excellent example for how tailored advisory support can make a real difference on the ground to the benefit of citizens, including in the areas of climate protection as well as urban and rural development.” A press release is available here.

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