Signature(s)
Fiche récapitulative
- Transports - Transports et entreposage
- Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné
- Santé - Santé humaine et action sociale
The project is a public-private equity fund established in 2011 and currently going through its investment period.
Flagship operation between Instituo de Credito Oficial (ICO) and the EIB who will share equity risk in infrastructure investments through an Axis fund. This is the first operation with these characteristics and will help Spanish sponsors to revitalise the project finance sector in Spain and the EU.
The fund manager will carry out an assessment with regard to the investments which the fund manager considers to be EIB-eligible in order to come to the reasoned conclusion that environmental and social impact has been duly addressed and the projects are acceptable in environmental and social terms. Within the EU, the applicable EU directives on environmental and social matters in force at the time should be complied with.
The fund's investment guidelines will be required to ensure that procurement procedures applied in the underlying investments financed with proceeds of the EIB loan are in line with the provisions of EU procurement directives.