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    Reference: 20170385
    Release date: 18 July 2017

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES)

    Location

    Description

    An infrastructure fund focusing mainly on Europe, principally in the energy and utilities, transportation and telecommunications sectors

    Objectives

    The fund targets high-quality core infrastructure investments in projects which will deliver stable cash flows with primarily mid-term (e.g. 5-15 year) contracted income streams.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply
    • Transport - Transportation and storage
    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 60 million

    Total cost (Approximate amount)

    EUR 450 million

    Environmental aspects

    The fund will be required to comply with the Bank's environmental and social standards.

    Procurement

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 3/11/2017

    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).

    Related tags

    EU Countries Energy Transport Telecom