Signature(s)
Summary sheet
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.
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.