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    Signature(s)

    Amount
    € 20,000,000
    Countries
    Sector(s)
    Angola : € 20,000,000
    Telecom : € 20,000,000
    Signature date(s)
    23/04/2015 : € 20,000,000
    Link to source

    Summary sheet

    Release date
    14 July 2014
    Status
    Reference
    Signed | 23/04/2015
    20140111
    Project name
    Promoter - financial intermediary
    TVCABO MULTIMEDIA II
    TV CABO ANGOLA LDA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 20 million
    EUR 41 million
    Location
    Sector(s)
    Description
    Objectives

    Expansion of the existing TV Cabo network in Luanda and Lobito/Benguela to Huíla, Cabinda, Huambo and Zaire provinces, in particular its new fast growing cities of Lubango, Cabinda, Huambo and Soyo, for the provision of ultra-high speed data transmission for corporate markets and individual customers.

    Provision of multimedia services for individual homes and corporate markets, including both private and public entities. The project is in line with the Cotonou Partnership objectives of promotion of private sector and economic development in the ACP countries and regions. It is also fully in line with the Angola's National Development Strategy.

    Environmental aspects
    Procurement

    If located in the EU, the project would not require an Environmental Impact Assessment as per directive 2011/92/EU. The promoter follows international best practices and the project's main impacts are expected to be caused by the construction of some technical buildings and of telecommunications ducts. The project is foreseen to have low to moderate environmental and social risks, which will be assessed during appraisal.

    The project's operation is considered as belonging to the private sector. The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement. During appraisal it will be assessed which components of investment costs will be eligible for EIB's direct funding, in line with the procedures followed for the previous project with the promoter.

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - TVCABO MULTIMEDIA II
    Publication Date
    17 Mar 2015
    Document language
    Main Topic
    Lending
    Document Number
    57921452
    Document Focus
    Environmental Information
    Project Number
    20140111
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - TVCABO MULTIMEDIA II
    Publication Date
    15 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    135072411
    Document Focus
    Environmental Information
    Project Number
    20140111
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    Link to source

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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