The European Investment Bank (EIB) has signed a €30 million financing agreement with the Thessaloniki to support the city’s 2025–2030 investment programme under its Climate Neutrality Plan 2030. The agreement marks the second direct financing operation between the EIB and the city, following their 2015 cooperation that delivered 46 urban development projects.
The new funding will support sustainable urban mobility initiatives, energy efficiency upgrades in municipal buildings, the modernisation of public infrastructure and urban spaces, and targeted measures to enhance climate resilience. These investments aim to accelerate Thessaloniki’s transition into a climate-neutral, smart and green city while improving quality of life for residents.
Thessaloniki is among 103 cities awarded the European Commission’s Mission Label under the EU Mission for Climate-Neutral and Smart Cities, part of the European Commission initiative to achieve climate neutrality in 100 cities by 2030. The EIB works closely with the Commission to help Mission-labelled cities transform strategic climate plans into bankable and implementable projects aligned with the European Green Deal.
The financing also contributes to economic and social cohesion, as the Region of Central Macedonia is classified among the EU’s less developed regions for the 2021–2027 programming period. By supporting targeted public investments, the EIB aims to foster sustainable, balanced urban growth and strengthen local resilience in line with broader EU climate and development objectives.
