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Signature(s)

Amount
€ 294,592,460.79
Countries
Sector(s)
United Kingdom : € 294,592,460.79
Health : € 58,918,492.16
Education : € 88,377,738.24
Services : € 147,296,230.39
Signature date(s)
28/06/2010 : € 58,918,492.16
28/06/2010 : € 88,377,738.24
28/06/2010 : € 147,296,230.39
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Summary sheet

Release date
20 October 2009
Status
Reference
Signed | 28/06/2010
20090169
Project name
Promoter - financial intermediary
SMBC Human Capital PPP
Sumitomo Mitsui Banking Corporation Europe Ltd
99 Queen Victoria St, London EC4V 4EH, U.K
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 500 million
Estimated at GBP 1 billion (EUR 1.135 billion).
Description
Objectives

The Project will support the promoter’s ongoing activities in the UK health and schools PPP market. The number, size, scope (hospital, primary care, schools) and country mix of schemes to be supported by the framework loan facility will depend on the results of the allocation process.

The Project is intended to contribute to revitalising and supporting the PPP/PFI market in the UK - and hence to assisting the UK government in implementing its programme of investment in health and education.

Environmental aspects
Procurement

The project is a multi-scheme operation classified as a framework loan. Health and educational facilities are not specifically mentioned by Council Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, on Environmental Impact Assessment (EIA), though some schemes might be covered by Annex II of the Directive in relation to urban development. The Bank requires that all schemes are implemented in compliance with the EU environmental legislation.

All health and education schemes are being procured in accordance with established UK PPP procedures - for LIFTs, BSF projects and PFI hospitals - previously verified by the Bank (as a result of earlier operations) as consistent with the relevant EU procurement legislation.

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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).

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.

Media enquiries

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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