The EIB will provide EUR 270m in financing to the Valencia Region on favourable terms, with a view to helping develop the investments being implemented in the region under various EU funding programmes for the 2014-2020 period. EIB Vice-President Emma Navarro and Minister of Finance and Economic Model for the Valencia Region Vicent Soler signed the initial, EUR 80m tranche of this financing today. The aim of the agreement is to promote the competitiveness and sustainability of the Valencian economy and foster job creation.

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