Extensive destruction and the tragic loss of over 200 lives have resulted from severe flash floods which struck the Community of Valencia, Spain, on 29 October 2024. As of 4 November, recovery operations continue in previously inaccessible areas in the region. The Copernicus Emergency Management Service (CEMS) has been activated (EMSR773) to deliver assessments […]
Valencia kicks off 2024 as new European Green Capital
The Spanish city of Valencia officially starts, today, as the European Green Capital 2024. To celebrate this achievement, over 400 activities and events are foreseen to reach all sectors of the city, from specialised audiences in sustainability, production, and business, to the residents of Valencia. The purpose is to raise awareness of the triple crisis […]
EIB and the region of Valencia sign €50 million loan agreement for FGV to modernise and expand sustainable public rail transport
The European Investment Bank (EIB) and the region of Valencia have signed a €50 million finance contract for Ferrocarrils de la Generalitat Valenciana (FGV), a public company owned by the regional government responsible for operating and managing regional railways, the Valencia metro network and the Alicante tram. The loan is the first tranche of approved financing […]
EIB provides EUR 100 million to Valencia for reconstruction and prevention of storm damage
The agreement will boost both the repair of affected infrastructure and preventive measures to improve the region’s climate resilience It is estimated that the investments will create 1,500 jobs during the implementation phase The European Investment Bank (EIB) will provide EUR 100 million to the Valencia Region for rebuilding infrastructure damaged by the DANA (Isolated […]