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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Germany : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
12/05/2006 : € 50,000,000
16/10/2006 : € 50,000,000
Link to source
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Summary sheet

Summary sheet

Release date
9 February 2006
Status
Reference
Signed | 12/05/2006
20050611
Project name
Promoter - financial intermediary
Commerzbank i2i GL II
Commerzbank AG, Frankfurt/Main.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million.
Not Applicable.
Location
Sector(s)
Description
Objectives

Global loan for the financing of small and medium sized projects promoted by the public sector in Germany and contributing towards the Bank’s Innovation 2010 Initiative by focusing on education and training, and research and development. Targeted projects would mainly be in the education sector (schools as well as universities), where infrastructure enhancement is increasingly a priority in Germany.

The proposed global loan intends to lower the funding cost for i2i related public sector infrastructure projects and gives the Bank the opportunity to extend its loan products to projects of limited size through the co-operation with Commerzbank, a well-established partner bank on a national level. Based on its experience in public sector financing, Commerzbank has identified a multitude of small investment projects, particularly in education and training sector. The operation would therefore promote EU objectives for such projects, which cannot otherwise be achieved by EIB.

Environmental aspects
Procurement

Compliance with EU directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.

Compliance with EU directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.

Link to source
Summary sheet
Other links

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).

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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the 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 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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