The European Investment Bank (EIB) will fund around 40 projects in Barcelona that expect to help “climate change mitigation and adaptation” in the city. The EU bank will give €95 million to advance urban recovery, with an emphasis on the environment yet additionally on social incorporation and Job creation to help the monetary recuperation in the wake of the COVID-19 emergency.
A significant portion of this investment will go towards speculations to rebuild a region covering somewhere in the range of 200,000 m2 over the city, reshaping urban structure around the idea of “superblocks” to give inhabitants better access to infrastructures in their neighborhoods.
Simultaneously, these ventures will help support the monetary recuperation following the emergency brought about by COVID-19, utilizing 1,500 individuals during the development stage.
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