- EIB financing of €300 million will finance two earth observation satellites for Poland.
- Project is supported by the EIB’s Strategic European Security Initiative and is in line with the EIB Group’s new Security and Defence Industry Action Plan.
The European Investment Bank (EIB) announced backing today for the development and launch of two Earth observation satellites that will provide high-resolution imagery for civilian and defence applications in Poland. The EIB is lending €300 million to Bank Gospodarstwa Krajowego (BGK) for the project to support the European space industry with the latest technology in Low Earth Orbit (LEO) satellites. It comes after the EIB’s Board of Directors approved the EIB Group’s new Security and Defence Industry Action Plan which is intended to step up investments in the sector.
Poland: EIB backs first Polish satellite programme with loan to Bank Gospodarstwa Krajowego