How much will the EU budget contribute to the Plan and how much will the European Investment Bank (EIB) contribute?
In 2009 there will be up to €14.4 billion from the EU budget in the form of €5 billion of additional funding for Energy Inter Connections and Broadband, €6.3 billion for advanced social and cohesion fund payments, €2.1 billion in total redeployed from existing budgets for green cars, energy efficient buildings and factories of the future and high-speed internet, and €0.5 billion of advanced funds for trans-European transport networks, as well as €0.5 billion for various other projects Total additional intervention from the EIB will be €15.6 billion in 2009 with a similar figure in 2010. EIB funding will also generate a positive leveraging of additional private investment. The European Bank of Reconstruction and Development will also add €500 million a year to its current level of financing in new Member States.
