The Neighbourhood Investment Facility (NIF)

It contributes to kick-starting key infrastructure projects that require considerable financial resources and supports private sector development in the neighbourhood region

Timeframe: 2007-2013

Budget: €745 million (from the European Commission complemented by direct contributions from EU Member States)

 

The NIF is aimed at creating a partnership, pooling together grant resources from the European Commission and the EU Member States and using them to leverage loans from European Finance Institutions as well as contributions from the partner countries.

 

 

 

Actions in brief

The NIF brings together grant funding from the European Commission and the EU Member States and loans from European Public Finance Institutions. It supports infrastructure projects in the transport, energy, social and environment sectors as well as well private sector initiatives (in particular SMEs) in the EU Neighbourhood region.To benefit from the NIF, a project has to be submitted by one of the authorised European Public Finance Institutions, such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the Council of Europe Development Bank (CEB) or European bilateral development finance institutions from one of the Member States.

http://ec.europa.eu/europeaid/where/neighbourhood/regional-cooperation/irc/investment_en.htm

EU Cooperation with Syria is currently suspended due to the political situation in the country; however, since in principle Syria is eligible for cooperation under the ENPI, activities may be taken up again once the situation improves.

http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/EN/foraff/122168.pdf
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