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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    France : € 100,000,000
    Industry : € 100,000,000
    Signature date(s)
    12/12/2019 : € 100,000,000

    Summary sheet

    Release date
    12 November 2018
    Status
    Reference
    Signed | 12/12/2019
    20170265
    Project name
    Promoter - financial intermediary
    EIB-CDC CO-INVESTMENT PLATFORM URBAN DEVELOPMENT
    CAISSE DES DEPOTS ET CONSIGNATIONS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 1332 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists in a newly-created investment platform with the French National Promotional Bank (NPB) Caisse des Dépôts et Consignations (CDC). The EIB's contribution will materialise through equity type financing (EUR 100m, from the newly-created "Infrastructure and Investment Window (IIW) Equity-Type Portfolio - NPBs" or "NPB sub-window", dedicated to cooperation with NPBs). The EIB intervention will leverage CDC's and other investors' investment capacity towards large urban development projects, in particular projects aiming at high social and environmental impact.

    The platform will support urban development projects by way of equity financing. The platform will target projects fostering urban development, a sector of the French economy which is not receiving sufficient and much required funding from traditional sources, the insufficiency of which can be considered to be a "market failure".

    Environmental aspects
    Procurement

    The proposed investments fall under Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU. Therefore, the Competent Authority will have to determine whether the project shall undergo a full EIA procedure. The aim is to target projects that have a structuring role in various French territories, in particular projects showing ambitious goals from an environmental point of view. Further details on the screening decision, the environmental permitting status, the proximity and potential impact of the project to natural conservation areas and other aspects of the environmental impact assessment will be clarified during the appraisal. The energy performance of the proposed buildings will be verified during the appraisal of the Project including the degree to which they comply with the EU Energy Performance of Buildings Directive.

    The promoters have been assessed by the EIB as being private companies not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/23/EU / 2014/24/EU or 2004/18/EC, where applicable], then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/23/EU / 2014/24/EU or 2004/18/EC, where applicable, as well as Directive 89/665/EEC] as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - EIB-CDC CO-INVESTMENT PLATFORM URBAN DEVELOPMENT
    Publication Date
    21 Dec 2018
    Document language
    Main Topic
    Lending
    Document Number
    85796283
    Document Focus
    Environmental Information
    Project Number
    20170265
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - EIB-CDC CO-INVESTMENT PLATFORM URBAN DEVELOPMENT
    Publication Date
    8 Feb 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    88705613
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170265
    Last update
    8 Feb 2019
    Sector(s)
    Industry
    Countries
    France
    Publicly available
    Download now

    News & Stories

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