MERIDIAM INFRASTRUCTURE AFRICA FUND TOP UP

The Fund will finance primarily greenfield infrastructure projects in the energy and power, transportation, environmental infrastructure, social infrastructure and telecommunications sectors across Africa.

The fund will make investments predominantly in greenfield projects, but may also invest in selected secondary projects at the operational stage. The fund will generally seek to acquire significant minority or majority stakes of the junior/equity capital in each project with strong corporate governance rights to be able to monitor and manage project risks. The proposed transaction would be an incremental commitment for the EIB, in addition to the existing commitment of EUR 30 million.

The fund's operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with EIB's Guide to Procurement.

SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES SECTION H : TRANSPORTATION AND STORAGE SECTION J : INFORMATION AND COMMUNICATION SECTION P : EDUCATION