About

The Urban Projects Finance Initiative (UPFI) supports project promoters in the Southern and Eastern Mediterranean regions as well as in the Western Balkans, helping them to prepare and to finance ambitious urban development projects, which aim to create jobs, to reduce poverty and to upgrade the urban fabric.

This tool, developed specifically to respond to regional urban issues, is implemented in 13 countries in North Africa, in the Middle East, and in Eastern Europe, thus facilitating the exchange of experiences and the strengthening of urban expertise.

Assistance Criteria

Nine criteria:

• Level of integrated approach,
• Relevance to local needs,
• Economic and social impact,
• Environmental impact,
• Quality of management of proposed project,
• Financial viability,
• Maturity of the project,
• Degree of innovation,
• Potential for replicability in other localities on the region.

Countries

Support

The amount of support depends on project needs. The budget for technical assistance can be up to EUR 500,000.

Application Process

Projects are selected following an identification mission in each of the eligible countries. After the identification mission, additional projects could be considered. In this regard, interested beneficiaries are requested to contact EIB’s consultant, PwC, at the UPFI Project Mailbox.