France, Aug. 26 -- The European Investment Bank (EIB) is strongly committed to refurbishing schools in Marseille by signing two financing agreements with the public authorities for a total amount of €425 million, or about half of their financing needs.An initial loan of €340 million was granted to Societe Publique des Ecoles Marseillaises ('SPEM'), a local public development company 50% owned by the city of Marseille and 50% owned by the French government, created under the 'Marseille en Grand' programme launched in September 2021 by the French President, providing for a total of €5 billion of investment in the city of Marseille.SPEM's primary goal is to oversee the large-scale renovation of 188 schools. As the French gove...