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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Germany : € 250,000,000
Services : € 250,000,000
Signature date(s)
5/12/2006 : € 75,000,000
4/01/2007 : € 175,000,000
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Summary sheet

Release date
6 July 2006
Status
Reference
Signed | 05/12/2006
20060033
Project name
Promoter - financial intermediary
Sachsen KMU und Technologie II
Sächsische Aufbaubank - Förderbank
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
EUR 1600 million
Location
Sector(s)
Description
Objectives

The project concerns the co-financing of state support schemes under EU Structural Funds for investements in 2006 and 2007, promoted notably by SMEs. The investments will exclusively be located in the Free State of Saxony and include RDI investments.

The aim of this project is the support of corporate investment in an Objective 1 – assisted area, primarily SMEs. A part of the scheme focuses on research, development and innovation.

Environmental aspects
Procurement

European and national legislation will be applied, in accordance with standard requirements for EU supported grant schemes.

German public procurement law complies fully with Directives 92/50/EEC, 93/36/EEC and 93/37/EEC. Hence any required tenders will be organised in compliance with these procurement directives.

Comments

Manufacturing

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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).

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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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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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