The European Bank for Reconstruction and Development (EBRD) is joining forces with the Ministry of Development and Investments of Greece to establish a new public-private partnership (PPP) preparation facility cooperation account, following a request from the Greek authorities. Focus on health and other sectors.
The agreement was signed today in Athens by EBRD Regional Director Andreea Moraru and Greece’s Alternate Minister of Development and Investments Nikos Papathanasis.
The EBRD will manage the fund, which will provide high-quality, client-oriented project preparation, training and advisory services, policy support and institutional strengthening activities related to the infrastructure sector in Greece.
The Ministry will fund the activities of the facility with €20 million.
The project pipeline will mostly be in the social infrastructure sector (education and health), sustainable urban infrastructure, and water and waste management.
The new facility will follow the successful example of the EBRD’s Infrastructure Project Preparation Facility, which includes projects such as the construction, acquisition of equipment and facility management of a new building by the Biomedical Research Foundation of the Academy of Athens, for the provision of specialised services in the field of personalised medicine and DNA research.