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New JESSICA Investment Board for investments in urban development projects - PPPs

26.10.2012 - 14:32

By joint decision of the ministers for Development, Competitiveness, Infrastructure, Transport and Networks Mr. Hatzidakis and Finance Mr. Stournaras the new composition of the Joint European Support for Sustainable Investment in City Areas (JESSICA) Investment Board has been announced.

The new JESSICA Investment Board is chaired by the Special Secretary for PPPs Nikos Mantzoufas and members are the Secretary General of Urban Planning and Environment Socrates Alexiadis, Fotis Provatas as the representative of the Central Union of Municipalities and Communities of Greece (KEDE), the Director of GEAOSE Pavlos Cheimoniadis and the Head of Unit A of the Special Coordination Service for the Implementation of Operational Programmes (EYSEEP) Ioannis Lypiridis.

In collaboration with the European Investment Bank (EIB), the Investment Board determines the investment strategy and coordinates the implementation of JESSICA in Greece, with a capital of EU funds amounting to 258 million euros for investments in Public-Private Partnership (PPP) and other urban development projects. These resources are now available to be used in areas such as urban development projects in degraded urban areas, waste management projects, development of clusters in high-technology and infrastructure, basic infrastructure, energy networks, energy efficiency projects and more.

Project selection is starting immediately with the aim to begin funding projects in early 2013.