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VHS: Banque des Territoires facilitates rural areas' access to European funding

To support the provision of Very High Speed Internet (VHS) to all French territories, Banque des Territoires invests €50mn in the European Connecting Europe Broadband Fund (ECBF)* launched on 27 June by the European Commission as part of the Juncker Plan.

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28June2018

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Endowed with over €400mn, this fund aims to support very high speed broadband projects, notably public ones, in the rural and poorly covered regions. Implemented by local authorities, the public-initiative networks (PINs), located in non-dense areas, will now be able to benefit from investments (from €1mn to €30mn maximum) from CEBF in addition to the funds raised directly with Banque des Territoires.

 

The CEBF aims to carry out over €1bn of investments in territories from the European Union over the next 5 years.

All the French territories must be covered by high speed broadband, including the rural regions. It is one of the public interest missions of Banque des Territoires; its teams will direct the projects of its customers, the local authorities and the operators which want to create very large capacity fibre optic networks, to the management company of CEBF

Olivier Sichel, Deputy Chief Executive Officer of Caisse des Dépôts and Director of Banque des Territoires.

 

*Alongside the European Investment Bank (EIB - €140mn), the European Commission (€100mn), KfW (€50mn), Cassa Depositi e Prestiti (€50mn) and Cube IM (€5mn)

 

 

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