Mario Aymerich - Articles and news items
Issue 2 2011 • 6 May 2011 • Mario Aymerich, Head of Division for Urban Transport and Other Urban Infrastructures, European Investment Bank (EIB)
According to the Treaty of the European Union, the EU has formal responsibility for Regional Policy but, in accordance with the subsidiarity principle, not for Urban Policy. Legislation on urban development therefore remains the responsibility of local administrations (towns, cities and regions).
The urban dimension is nevertheless incorpor – ated at EU level through the application of the Cohesion Policy including; the definition of a territorial agenda and the approval at Ministerial Level of guiding principles to promote sustainable urban development through an integrated approach and the creation of financial engineering tools. The European Investment Bank (EIB) supports and fosters this principle following the notion of the Leipzig Charter (2007), in order to make European cities better places to live and work in, by providing innovative and flexible financial instruments to both public and private actors investing in the urban sector.
Since 2000, the European Investment Bank has lent over EUR 17 billion for investment in urban transport projects, mostly for schemes located within the European Union Member States. Established nearly 50 years ago, EIB is the EU’s bank for financing projects that promote the Union’s economic and social policies.
Currently, EIB’s main lending priorities are focused on projects supporting development in the EU’s poorer cohesion regions, construction of trans-European transport and energy networks, promoting innovation and human capital, supporting the activities of small and medium sized enterprises, improving the environment, and ensuring efficient and secure energy supplies. Outside the European Union, the Bank supports projects as part of the EU’s external cooperation and development policy.