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    Signature(s)

    Amount
    € 750,000,000
    Countries
    Sector(s)
    Latvia : € 750,000,000
    Education : € 52,500,000
    Water, sewerage : € 120,000,000
    Services : € 180,000,000
    Urban development : € 180,000,000
    Transport : € 217,500,000
    Signature date(s)
    30/10/2008 : € 52,500,000
    30/10/2008 : € 120,000,000
    30/10/2008 : € 180,000,000
    30/10/2008 : € 180,000,000
    30/10/2008 : € 217,500,000

    Summary sheet

    Release date
    18 March 2008
    Status
    Reference
    Signed | 30/10/2008
    20080072
    Project name
    Promoter - financial intermediary
    EU Funds co-financing 2007-13

    Republic of Latvia.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million.
    Up to EUR 5.8 billion.
    Description
    Objectives

    The project will support the National Strategic Reference Framework and investments included in measures identified in three Operational Programmes for the 2007-2013 programming period.

    The project will assist Latvia in achieving further convergence in the levels of economic and social development with the rest of the EU.

    Environmental aspects
    Procurement

    The project will have a number of effects on the environment such as rehabilitation of contaminated sites, environmental protection, improved water and wastewater services. The Bank will require from the promoter to act according to the provisions of the relevant EU directives, including SEA, EIA, Habitats, Birds Directives.

    The promoter is required to follow the EU public procurement rules (2004/18/EC), if and when appropriate. Projects with values below the EU thresholds will be procured according to national legislation.

    Related projects
    Related sub-project
    Related sub-project

    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).

    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.

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    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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