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    Signature(s)

    Amount
    € 15,000,000
    Countries
    Sector(s)
    Regional - Africa : € 15,000,000
    Telecom : € 750,000
    Education : € 750,000
    Health : € 1,500,000
    Water, sewerage : € 1,500,000
    Services : € 4,500,000
    Energy : € 6,000,000
    Signature date(s)
    29/03/2019 : € 750,000
    29/03/2019 : € 750,000
    29/03/2019 : € 1,500,000
    29/03/2019 : € 1,500,000
    29/03/2019 : € 4,500,000
    29/03/2019 : € 6,000,000

    Summary sheet

    Release date
    12 October 2018
    Status
    Reference
    Signed | 29/03/2019
    20180638
    Project name
    Promoter - financial intermediary
    MERIDIAM INFRASTRUCTURE AFRICA FUND TOP UP
    MERIDIAM SAS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 15 million
    EUR 505 million
    Location
    Sector(s)
    Description
    Objectives

    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.

    Environmental aspects
    Procurement

    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.

    Comments

    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

    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) - MERIDIAM INFRASTRUCTURE AFRICA FUND TOP UP
    Publication Date
    18 Dec 2018
    Document language
    Main Topic
    Lending
    Document Number
    87542002
    Document Focus
    Environmental Information
    Project Number
    20180638
    Countries
    Publicly available
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