EIB to bolster civil protection in Greece with new €220 mln loan

The European Investment Bank (EIB) has announced it will lend Greece €220 million to help protect it against floods and wildfires, which are occurring more often as a result of climate change, as well as against other natural disasters such as earthquakes.

The funding will be used to buy fire engines, firefighting planes and helicopters, drones, rescue vehicles and control centers, a statement from the Luxembourg-based bank said.

The bank said the support aids a multi-year Greek Aegis plan to strengthen the country's civil-protection mechanism.

"We have seen first-hand the devastation caused by deadly wildfires and floods in Greece in recent years," said EIB Vice-President Kyriacos Kakouris. "This support will help the country respond more quickly and effectively when disaster strikes, protect lives and better prepare for natural disasters and pandemics."

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