Signature(s)
Summary sheet
Credit line for the financing of SMEs and municipalities in the region of Valencia.
Promoter, project size and allocation procedures will be those normally applied by the Bank for credit lines to SMEs. Along the lines of IVF’s strategy plan 2005-2009, lending to municipalities will be enhanced from 2007 onwards, and it is therefore envisaged that part of the loan proceeds will be partially on lent to municipalities or public entities in favour of eligible investments in infrastructure.
The finance contract to be signed between the EIB and the intermediary will include a clause whereby the intermediary undertakes an unconditional obligation to include in all the underlying contracts with final beneficiaries the obligation of the latter to comply with EC directives and national legislation concerning the respect of the environment.
The finance contract to be signed between the EIB and the intermediary will include a clause whereby the intermediary undertakes an unconditional obligation to include in all the underlying contracts with final beneficiaries the obligation of the latter to comply with EC directives and national legislation concerning the procurement of public works and services.
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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