{"id":51525,"date":"2024-12-11T14:37:18","date_gmt":"2024-12-11T13:37:18","guid":{"rendered":"https:\/\/www.bilbaoport.eus\/?p=51525"},"modified":"2024-12-12T10:58:24","modified_gmt":"2024-12-12T09:58:24","slug":"eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao","status":"publish","type":"post","link":"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/","title":{"rendered":"EIB provides \u20ac80 million loan for expansion and electrification of port of Bilbao"},"content":{"rendered":"<div class=\"show-for-small mobile-breadcrumbs\"><ul class=\"breadcrumbs\"><li class=\"home\"><span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to Port of Bilbao.\" href=\"https:\/\/www.bilbaoport.eus\/en\/\" class=\"home\" aria-current=\"page\"><span property=\"name\">Port of Bilbao<\/span><\/a><meta property=\"position\" content=\"1\"><\/span><\/li>\n<\/ul><\/div><ul>\n<li>The loan signed with the Port Authority of Bilbao will finance the second phase of port expansion and the installation of renewable energy infrastructure.<\/li>\n<li>This major operation will increase port capacity and efficiency on the Atlantic Corridor of the Trans-European Transport Network (TEN-T).<\/li>\n<li>The project is part of the EIB Group\u2019s action to promote more sustainable transport and helps to consolidate its position as the Climate Bank, which is one of its strategic priorities.<\/li>\n<\/ul>\n<div class=\"one_half bbcol\">\n<p>The European Investment Bank (EIB) has signed an \u20ac80\u00a0million loan with the Port Authority of Bilbao to finance the expansion and electrification of the port of Bilbao. The project supports maritime transport as an alternative to other more carbon-intensive modes, with the EIB financing also helping to make it more sustainable and efficient.<\/p>\n<p>The EIB loan will facilitate investments into the second phase of expanding the port of Bilbao\u2019s central breakwater, developing the port\u2019s landside electricity grid and installing renewable energy generation infrastructure on port land.<\/p>\n<p>By virtue of its location in a key port for the Trans-European Transport Network (TEN-T), the project will provide additional port capacity and increase the efficiency of the network and of its Atlantic Corridor in particular. Once complete, the project is expected to cut the cost of maritime transport, support the offshore renewable energy industry and provide the port with additional sources of renewable energy to aid its electrification efforts.<\/p>\n<p>The project is part of the EIB Group\u2019s action to promote more sustainable transport and supports its strategic priority to direct at least half of its annual financing to climate action and environmental sustainability, thereby consolidating its position as the Climate Bank.<\/p>\n<p><strong>Background information<\/strong><\/p>\n<p><strong>EIB<\/strong><\/p>\n<p>The <a href=\"https:\/\/www.eib.org\/en\/\">European Investment Bank (EIB)<\/a> is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to <a href=\"https:\/\/www.eib.org\/en\/about\/at-a-glance\/index.htm\">EU policy objectives<\/a>. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.<\/p>\n<p><\/div><div class=\"one_half column-last bbcol\"><\/p>\n<p><a class=\"thickbox\" href=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2024\/12\/1000316707.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"thickbox alignnone wp-image-51518 size-full\" src=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2024\/12\/1000316707.jpg\" alt=\"\" width=\"1200\" height=\"799\" srcset=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2024\/12\/1000316707.jpg 1200w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2024\/12\/1000316707-535x356.jpg 535w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2024\/12\/1000316707-150x100.jpg 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<p>The European Investment Bank Group (EIB Group), consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), reported total financing signatures in Spain of \u20ac11.4\u00a0billion in 2023, approximately \u20ac6.8\u00a0billion of which went to climate action and environmental sustainability projects. In total, the EIB Group signed \u20ac88\u00a0billion in new financing in 2023.<\/p>\n<p><strong>The EIB and sustainable transport<\/strong><\/p>\n<p>The EIB finances projects that drive greener, safer and more accessible transport, in line with its <a href=\"https:\/\/www.eib.org\/en\/publications\/eib-transport-lending-policy-2022\">Transport Lending Policy<\/a>, updated in 2022 following the adoption of the Climate Bank Roadmap and the European Green Deal. This policy sets the investment priorities needed to surmount the challenges facing the transport sector, and those most apt to power the shift to a more sustainable model. Safe, accessible, green and efficient are the four key and interdependent pillars of sustainable transport.<\/p>\n<p>Find out more about the EIB\u2019s support for the transport sector <a href=\"https:\/\/www.eib.org\/en\/projects\/sectors\/transport\/index\">here<\/a>.<\/p>\n<p><\/div><div class=\"clear\"><\/div><\/p>\n <div class=\"hide-for-small page-options-container hide-for-print\"> <hr class=\"page-options\"\/> <ul class=\"inline right page-options\"><li><a class=\"bmprint\" rel=\"nofollow\" title=\"Print this article\"><i class=\"icon-print\"><\/i><\/a><\/li><li><a class=\"bmsend2friend\" href=\"mailto:?subject=Article of interest: EIB provides \u20ac80 million loan for expansion and electrification of port of Bilbao - Port of Bilbao&body=https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/\" rel=\"nofollow\" title=\"Send a link to this article by email\"><i class=\"icon-envelope\"><\/i><\/a><\/li><\/ul><div class=\"row collapse posts-navigation\"><div class=\"medium-6 columns\"><i class=\"icon-angle-left\"><\/i>Anterior<a href=\"https:\/\/www.bilbaoport.eus\/en\/news\/registration-open-to-attend-the-ii-international-sustainable-port-conference\/\" rel=\"prev\">Registration open to attend the II International Sustainable Port Conference<\/a><\/div><div class=\"medium-6 columns alignright\"><i class=\"icon-angle-right\"><\/i>Siguiente<a href=\"https:\/\/www.bilbaoport.eus\/en\/news\/the-port-of-bilbao-sets-up-a-seafarers-welfare-board\/\" rel=\"next\">The Port of Bilbao sets up a Seafarers\u2019 Welfare Board<\/a><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Port of Bilbao The loan signed with the Port Authority of Bilbao will finance the second phase of port expansion and the installation of renewable energy infrastructure. This major operation will increase port capacity and [&hellip;]<\/p>\n","protected":false},"author":4068,"featured_media":51520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-51525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EIB provides \u20ac80 million loan for expansion and electrification of port of Bilbao - Port of Bilbao<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIB provides \u20ac80 million loan for expansion and electrification of port of Bilbao - Port of Bilbao\" \/>\n<meta property=\"og:description\" content=\"Port of Bilbao The loan signed with the Port Authority of Bilbao will finance the second phase of port expansion and the installation of renewable energy infrastructure. This major operation will increase port capacity and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/\" \/>\n<meta property=\"og:site_name\" content=\"Port of Bilbao\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bilbaoport\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-11T13:37:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T09:58:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2024\/12\/1000316707.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bilbaoport\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/\"},\"author\":{\"name\":\"Bilbaoport\",\"@id\":\"https:\/\/www.bilbaoport.eus\/en\/#\/schema\/person\/1d11de2f1ee0b3dd8f67eda598a40f83\"},\"headline\":\"EIB provides \u20ac80 million loan for expansion and electrification of port of Bilbao\",\"datePublished\":\"2024-12-11T13:37:18+00:00\",\"dateModified\":\"2024-12-12T09:58:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/\"},\"wordCount\":500,\"publisher\":{\"@id\":\"https:\/\/www.bilbaoport.eus\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2024\/12\/1000316707.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/\",\"url\":\"https:\/\/www.bilbaoport.eus\/en\/news\/eib-provides-e80-million-loan-for-expansion-and-electrification-of-port-of-bilbao\/\",\"name\":\"EIB provides \u20ac80 million loan for expansion and electrification of port of Bilbao - 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