SLOVENIA: Going Green and Digital - part I

Intro
Following on from Intertraffic’s two-part feature on Italy’s smart urban mobility programmes and funding sources last month, the focus now shifts slightly, in geographical terms, to Italy’s easterly neighbour, Slovenia. The former Yugoslav republic, bordered by Italy, Austria, Hungary, Croatia and the Adriatic, has long been a desirable tourist destination thanks to its combination of beautiful cities, dense forests, mountainous backdrop and (albeit tiny) spectacular coastline… but what of its smart city ambitions?
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Tekst 2
The new Digital Europe programme will support the transition to sustainability for cities through digital transition, in particular by helping cities procure interoperable, local data platforms that enable the management of cross-sectoral data flows
InvestEU is a demand driven instrument that will provide repayable financing support (debt, equity) to a variety of eligible projects through implementing partners such as the European Investment Bank Group (EIBG), the European Bank for Reconstruction and Development (EBRD) and other National Promotional Banks. Supporting sustainable infrastructure, energy efficiency and clean transport are among InvestEU's top priorities. Cities participating in the Cities Mission could therefore seek InvestEU supported financing for their green projects.
For the second phase of the Cities Mission, as of 2024, the Commission is considering setting up a new Cities Mission Blending Facility to support cities with the ambition of becoming climate-neutral by 2030. The Mission Board has been advised to set up a new lending and blending facility, co-financed by Horizon Europe and InvestEU, via the EIBG, the EBRD, National Promotional Institutions, private investors and foundations to effectively support the Cities Mission and the implementation of the Climate City Contracts (CCC). This facility could be a joint effort between the Commission and the EIBG and potentially other national and international financial institutions and would be supported through InvestEU, in particular the “Research Innovation and Digitalisation” and “Sustainable Infrastructure” windows.
Larger single investments are being made into major schemes, such as urban public transport projects. The majority of the investment needs will have to be covered by private investors
The EIB Group finances structures that contribute to smart and green urban development. These include urban framework loans which can focus on climate investment, and which co-finance multi-sector investments across a 4-5-year time slice of a city’s multi-annual investment programme. Larger single investments are made into major projects such as urban public transport projects (i.e. investment loans). The majority of the investment needs will have to be covered by private investors (individuals, companies, commercial banks, other private investors). InvestEU and other EU Programmes can bolster future investments across the EU to help mobile private investments and provide advice to projects and operators in the area of sustainable infrastructure and mobile assets, as well as support innovative companies and SMEs in the areas of smart and sustainable mobility.
Thanks to Margaret A Pettit of CLEMATIS Consulting for her invaluable inputs.
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