New CEB loan to Czech Republic to improve public services and protect the environment
The Council of Europe Development Bank (CEB) has approved a € 50 million loan to the Národní rozvojová banka (NRB) to support financing of public sector and public services in line with enhanced mandate given to NRB by the Czech government and to finance expected increased demand for municipal infrastructure projects caused by the COVID-19 pandemic.

The CEB loan is expected to finance more than 100 municipal or public service sub-projects, mostly in the sector of public transportation, building and road reconstruction, water supply and waste management. Those projects will be fully aligned with the Czech government’s objective to support regional development.

The loan may, in parallel, provide long-term funding and bridge financing to cover the funding needs of sub-projects co-financed by the European Structural and Investment Funds (ESIF) or the European Union’s Recovery and Resilience Facility (RRF).