Infrastructure Fund of Funds (InfraFoF) & Piraeus Bank
Piraeus Bank, being a leading bank in sustainable financing, is currently participating in the Infrastructure Fund of Funds (InfraFoF), a fund that aims to promote investments in infrastructure with a total budget of € 650 million.
The Ministry of Development and Investments has set up the Infrastructure Fund of Funds in cooperation with the European Investment Bank (EIB). The Fund's resources come from 3 different sources: national sources of the Public Investment Program, amounts derived from the Operational Program "Competitiveness, Entrepreneurship, Innovation 2014-2020" and amounts returned from investments in urban development projects completed under the JESSICA initiative. The European Investment Bank is responsible for the overall management of the Fund.
Piraeus Bank will finance clean energy projects through the Fund, such as wind farms, photovoltaic stations, biogas and biomass installations and hydropower plants. New investments to improve energy efficiency in public and private buildings will also be considered.
The new initiative will mobilize the necessary capital for investments that are expected to have a significant impact on socio-economic development, such as industrial and craft parks, facilities for educational or cultural use, construction, expansion, upgrading or renovation of hotels and other tourist accommodation and facilities (e.g. thermal springs, marinas, conference rooms).
Both public and private sector entities can apply for funding as long as the relevant eligibility criteria are met.
In the following section you can access to the relevant call for proposals from the Fund.
InfraFoF is an initiative created by cooperation between the Hellenic Republic and EIB. It is financed by the Greek ERDF Infrastructure Fund of Funds under the European Union / European Regional Development Fund / Operational Programme EPANEK and EIB, with the objective to facilitate access to finance in cooperation with selected Financial Intermediaries.