The European Investment Bank (EIB) has signed a new funding agreement to invest €30 million in the Municipality of Thessaloniki for sustainable urban development and climate resilience projects. This investment marks a continuation of EIB's support for Thessaloniki's urban development goals as outlined in the city's Climate Neutrality Plan 2030. The agreement was signed on February 18, and it is seen as a vital step to implement the investment program planned for the period 2025-2030.

This new financing from the EIB is part of broader efforts to achieve climate neutrality by 2030, aligning with the EU's Mission for 100 Climate-Neutral and Smart Cities. Thessaloniki is one of the 23 cities in the EU that have received the Mission Label from the European Commission, emphasizing its commitment to sustainability. The funding will facilitate various projects aimed at enhancing sustainable urban mobility, energy upgrades, and other related initiatives that are critical for the city's climate action strategy.

The current investment follows a previous successful partnership between EIB and the Municipality of Thessaloniki, initiated in 2015, which resulted in the completion of 46 urban development projects. This ongoing collaboration not only underscores the strategic importance of financial investments in local governance but also represents a commitment to fostering sustainable urban growth that will ultimately benefit its residents through improved infrastructure and climate resilience measures.