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Signature(s)

Amount
€ 72,000,000
Countries
Sector(s)
Malta : € 72,000,000
Credit lines : € 2,160,000
Telecom : € 2,700,000
Energy : € 5,040,000
Health : € 6,480,000
Water, sewerage : € 9,072,000
Education : € 9,360,000
Industry : € 18,288,000
Services : € 18,900,000
Signature date(s)
23/09/2016 : € 2,160,000
23/09/2016 : € 2,700,000
23/09/2016 : € 5,040,000
23/09/2016 : € 6,480,000
23/09/2016 : € 9,072,000
23/09/2016 : € 9,360,000
23/09/2016 : € 18,288,000
23/09/2016 : € 18,900,000
Link to source

Summary sheet

Release date
10 May 2016
Status
Reference
Signed | 23/09/2016
20150723
Project name
Promoter - financial intermediary
MALTA EU FUNDS 2014 - 2020
REPUBLIC OF MALTA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 72 million
EUR 850 million
Description
Objectives

This operation will support Malta's smart and sustainable growth by contributing to the achievement of the objectives included in the Maltese Partnership Agreement (PA) and fixed in the Operational Programme "Fostering a competitive and sustainable economy to meet our challenges" (financed by the ERDF and the CF) and the Operational Programme II "Investing in human capital to create more opportunities and promote the well-being of society" (financed by the ESF). The schemes to be financed under this Structural Programme Loan will include investments in sustainable transport and urban development, energy, RDI, ICT, and SME competitiveness. The human capital development component is also expected to be significant in particular through measures fostering education, training, lifelong learning and social inclusion.

The Bank would also finance measures targeted at the protection of cultural heritage to enhance their tourism potential as well as the improvement of environmental quality, particularly in the waste and water sectors, and the shift towards a low-carbon economy. The latter aspect is particularly important to address Malta's dependency on imported fossil fuel for energy generation and the low energy performance in buildings. The schemes financed under this operation would therefore include energy efficiency measures and the production of renewable energy from locally available sources.

The operation will comprise the co-financing of the Operational Programme I "Fostering a competitive and sustainable economy to meet our challenges" (financed by the ERDF and the CF) and the Operational Programme II "Investing in human capital to create more opportunities and promote the well-being of society" (financed by the ESF). The Bank's financing is provided under the convergence objective of the 2014-2020 cohesion policy. The EIB loan will strengthen the sustainable development of Malta through the renewal and expansion of the economic and social infrastructure and, as a consequence, the improvement of economic competitiveness.

Environmental aspects
Procurement

Malta, as an EU Member State, has transposed the relevant EU Directives 2011/92/EU and 2001/42/EC into the national environmental legislation. The Bank's appraisal will focus on the Promoter's environmental management capacity to properly monitor the application of the EU SEA Directive 2001/42/EC, the EU EIA Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Link to source
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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).

Documents

Environmental and Social Data Sheet (ESDS) - MALTA EU FUNDS 2014 - 2020
Publication Date
23 Dec 2016
Document language
Main Topic
Lending
Document Number
63136110
Document Focus
Environmental Information
Project Number
20150723
Regions
Countries
Publicly available
Download now
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Alternatively, the EIB can be contacted through its external offices.
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