EIB, public investments programme earmarked 740 mln euros for municipalities in 2018, Tsipras tweets

epa02773679 An exterior view of the European Investment Bank (EIB) Headquarters in Luxembourg, where Tajikistan's President Emomali Rahmon and Philippe Maystadt, the President of the European Investment Bank, withe their delegations met for talks, on 10 June 2011. EPA/NICOLAS BOUVY

A total of 740 million euros will be given by the European Investment Bank and the Public Investments Programme in 2018 to fund projects and other activities by municipalities, Prime Minister Alexis Tsipras noted in a tweet posted on Monday.

“Total of 740 million euros from the European Investment Bank and Public Investments Programme have been secured for 2018 in order to fund municipality projects, supplies and services,” said the tweet in Greek on Tsipras’ @PrimeministerGR account.

The tweet included a link to an article on the prime minister’s website that outlines the special programmes for the support of local government bodies “Philodimos I” and “Philodimos II”, through which the government “seeks to actively support the developmental aspects of local government, directly improving quality of life for citizens”.

The result of cooperation between the interior ministry and the economy and development ministry, to be implemented by the interior ministry, the two programmes envisage a starting budget of 500 million euros for “Philodimos I” in 2018 – with a prospect that this will increase to 2.0 billion euros over five years – and 240 million euros for “Philodimos II” in 2018 out of a total of 300 million euros.