The agreement concerns the provision of specialized services aimed at supporting the European Investment Bank’s (EIB) strategic initiatives of national and regional significance in Greece and Cyprus, across four flagship policy and investment areas.
The Four Pillars of Collaboration
According to the announcement, the scope of the Framework Agreement covers:
- Just Transition Mechanism – focusing on supporting regions transitioning to more sustainable production models.
- Climate Resilient Cities – promoting adaptation to climate change and enhancing the sustainability of urban centers.
- Project Advisory Support Services Agreement (PASSA) with the Ministry of National Economy and Finance – supporting the preparation and implementation of projects of strategic importance.
- Large-Scale Infrastructure Development – emphasizing the design and financial structuring of complex investment projects.
Duration and Financial Scope
The Framework Agreement is set for a duration of 48 months, with the possibility of a 12-month extension. From the total budget of the agreement, TREK Development is expected to execute contracts with a cumulative net value of up to €4.5 million. Individual assignments will be activated gradually based on the EIB’s operational needs, with the listed company providing investors with updates on any material developments.
Strategic Significance for TREK Development
The undertaking of this Framework Agreement strengthens TREK Development’s institutional profile and positions the company in high-value projects focused on green transition, sustainable urban development, and major infrastructure. Furthermore, collaboration with the European Investment Bank serves as a strong endorsement of TREK Development’s technical expertise and organizational capacity, at a time when demand for mature, financeable projects with environmental and developmental impact is a central priority on the European agenda.