Release date: 26 January 2016
Promoter – Financial Intermediary
CUBE INFRASTRUCTURE MANAGERSLocation
Description
Generalist infrastructure fund targeting equity investments in Europe
Objectives
The Fund will target investments in medium-sized operators which aim to develop infrastructure assets with a focus on western and northern Europe.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 1200 million
Environmental aspects
Most of the Fund's underlying infrastructure investments will fall under Annex I or II of Environmental Impact Assessment (EIA) Directive 2011/92/EU, requiring a full environmental impact assessment or screening by the national competent authority on the basis of Annex III to determine the need for further assessment. The legal documentation to be entered into by the Bank will require the Fund manager to ensure that its underlying investments respect the requirements and/or principles of the EU directives and comply with the Bank's environmental and social standards.
Procurement
The Fund will ensure that procurement procedures of underlying investments are undertaken in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Signed - 13/09/2016
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).