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Within the framework of the JESSICA initiative (Joint European Support for Sustainable Investment in City Areas), the MEF has initiated discussions with the EIB for the preparation of an evaluation study and the signing of a Memorandum of Understanding in the near future.

JESSICA aims at supporting investment programmes and urban development projects. JESSICA’s objective is the mobilisation of funds for the financing of integrated urban development operations. At the initial stage this shall be pursued through pilot programmes at Local Authority level. The ultimate goal is the growth of urban areas and the provision of new employment opportunities. Funding will be provided on the basis of an Integrated Urban Development Plan, which will illustrate the framework for the implementation of projects (power networks, traffic regulations, etc).

Last modification date: 07/12/2009