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    Signature(s)

    Amount
    € 10,000,000
    Countries
    Sector(s)
    New Caledonia : € 10,000,000
    Credit lines : € 10,000,000
    Signature date(s)
    8/07/2010 : € 10,000,000
    Link to source

    Summary sheet

    Release date
    12 March 2010
    Status
    Reference
    Signed | 08/07/2010
    20090707
    Project name
    Promoter - financial intermediary
    New Caledonia - Environmental Credit Line II
    • Banque Calédonienne d’Investissement (BCI)
    • Société Générale Calédonienne de Banque (SGCB)
    • BNP Paribas Nouvelle-Calédonie
    • Groupe Caisse d’Epargne (GCE)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 10 million. for the four banks.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Credit line for BCI, SGCB, BNP Paribas N-C and GCE for financing projects in the environmental, renewable energy (hydropower, solar energy, wave energy, etc.) and waste management sectors in New Caledonia.

    This credit line will enable long-term resources to be provided for projects in the above-mentioned sectors. It is fully consistent with the EIB’s renewable energy financing objectives and the Commission’s strategy for the Pacific Islands, which is based on a “blue-green” central theme focusing on the environment and renewable energy.

    Environmental aspects
    Procurement

    The intermediary banks undertake to propose to the EIB a list of environmental projects that are likely to be suitable for financing through this loan from the Bank. The banks will submit to the EIB the requisite environmental approvals, which may be based on estimates of the project's environmental impact. The EIB reserves the right to request additional analyses to ensure that the projects financed comply with the Bank's environmental guidelines.

    The intermediary banks will ensure that the procurement procedures comply with the EIB's guidelines and the European Union regulations applicable in New Caledonia.

    Link to source

    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).

    News & Stories

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    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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