Having been awarded the title of 2023 European Green Capital, Tallinn is investing heavily in sustainable and green solutions. Now, the European Investment Bank and the City of Tallinn have signed a EUR 100 million loan agreement in support of the city’s integrated sustainable urban renewal and development programme. The financing will be used to carry out the municipality’s plans when it comes to renovating schools, vocational schools and social housing, as well as improving sustainable mobility in the city. This will come in the form of upgraded bike paths and pedestrian streets, but will also concern the renewal of existing streets. Another priority will be to upgrade public squares and parks around the city, a very direct and visible benefit for residents and visitors alike. Finally, the financing also supports improvements to municipal infrastructure such as street lighting, waste centres, and water and sewage networks.
Having been awarded the title of 2023 European Green Capital, Tallinn is investing heavily in sustainable and green solutions. Now, the European Investment Bank and the City of Tallinn have signed a EUR 100 million loan agreement in support of the city’s integrated sustainable urban renewal and development programme. The financing will be used to carry out the municipality’s plans when it comes to renovating schools, vocational schools and social housing, as well as improving sustainable mobility in the city. This will come in the form of upgraded bike paths and pedestrian streets, but will also concern the renewal of existing streets. Another priority will be to upgrade public squares and parks around the city, a very direct and visible benefit for residents and visitors alike. Finally, the financing also supports improvements to municipal infrastructure such as street lighting, waste centres, and water and sewage networks.
