COMMERCIAL BANK OF CEYLON PLC
DFCC BANK
REGIONAL DEVELOPMENT BANK
Location
Sri Lanka
Description
Line of credit dedicated to support investment projects that contribute to climate change mitigation and support of the private sector development.
Objectives
The operation consists of a line of credit supporting the private and public industries and services sectors in the aftermath of the civil war. The facility would focus on projects that (i) contribute to mitigation of climate change and to the support of local private sector development through SME’s finance.
Comments
Sector(s)
Energy
Credit lines
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The operation will support projects that contribute to the reduction of greenhouse gases emissions and other airborne pollutants. The sub-schemes are likely to include small and medium-scale investments that would be expected to have limited negative environmental impacts. However, some of the sub-schemes, due to their technical characteristics may require a mandatory environmental impact assessment or a review by the competent authority for the need to carry out an EIA.
Procurement
The Bank will require the intermediary institution to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects in the field of climate change mitigation that the Bank finances are in accordance with EIB Guide to Procurement.
Status
Approved
-
18/12/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
