Release date: 6 October 2009
Promoter – Financial Intermediary
The European Investment Bank (EIB),
Caisse des Dépôts et Consignations (CDC),
Cassa Depositi e Prestiti (CDP),
Kreditanstalt für Wiederaufbau (KfW),
Instituto de Credito Oficial (ICO), and
Powszechna Kasa Oszędności (PKO)
Location
Description
Pan-European infrastructure fund for long term institutional investors to finance the implementation of strategic European policy objectives and projects in the Transport, Energy/Climate and Renewables sectors.
Objectives
This Fund is designed to contribute to the European Economic Recovery Plan by financing the implementation of strategically important European policy objectives in Energy/Climate, Renewable and Transport sector infrastructures.
Sector(s)
Proposed EIB finance (Approximate amount)
Equity EUR 100 million
Total cost (Approximate amount)
EUR 600-750 million at First Close, EUR 1.5 bn in total equity
Environmental aspects
Due to their technical characteristics, some of the Fund’s investments may fall under Annex I or II of the EIA-Directive. The legal documentation to be entered into by the Bank will include a provision under which the Fund Manager should ensure that the portfolio companies are in compliance with Community and national law in relation to environmental protection.
Procurement
The Fund’s investment guidelines will be required to ensure that contracts for the implementation of individual schemes have been tendered in accordance with the relevant EU legislation in relation to competition and award of public contracts.
Status
Signed - 3/12/2009
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).