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    Signature(s)

    Amount
    € 70,000,000
    Countries
    Sector(s)
    Sri Lanka : € 70,000,000
    Credit lines : € 70,000,000
    Signature date(s)
    6/04/2006 : € 10,000,000
    6/04/2006 : € 60,000,000
    Link to source

    Summary sheet

    Release date
    30 August 2005
    Status
    Reference
    Signed | 06/04/2006
    20050234
    Project name
    Promoter - financial intermediary
    Tsunami Line of Credit

    The Facility will be made available through the Central Bank of Sri Lanka (CBSL) and eligible participating financial institutions (PFIs).

    For the PFIs, DFCC Bank will be the administrative unit for the credit line, processing and coordinating applications received by the PFIs.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70m, split in two tranches.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Loan for the financing of small and medium scale projects in industry, infrastructure, tourism, energy and telecommunications, related services and other sectors.

    The purpose of the project to provide funding to those industries and services affected directly or indirectly by the Tsunami.

    Environmental aspects
    Procurement

    The borrower will be requested to ensure that the final beneficiaries comply with the local legislation and with EIB rules and guidelines, as appropriate.

    EIB procurement guidelines will be applied.

    Comments

    Mainly industry and infrastructure in the private sector.

    Link to source

    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).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning 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, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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