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Signature(s)

Amount
€ 5,000,000
Sector(s)
Water, sewerage : € 249,975
Solid waste : € 500,025
Urban development : € 750,000
Industry : € 1,750,000
Transport : € 1,750,000
Signature date(s)
23/12/2021 : € 249,975
23/12/2021 : € 500,025
23/12/2021 : € 750,000
23/12/2021 : € 1,750,000
23/12/2021 : € 1,750,000
Link to source

Summary sheet

Release date
15 July 2021
Status
Reference
Signed | 23/12/2021
20200800
Project name
Promoter - financial intermediary
THE URBAN RESILIENCE FUND (TURF) B LCFP
MERIDIAM GP SAS,MERIDIAM SAS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 8 million
EUR 350 million
Location
Sector(s)
Description
Objectives

Layered fund developing and investing in sustainable and resilient urban infrastructure. The investment is made under the Luxembourg-EIB Climate Finance Platform.

Develop and invest in greenfield essential infrastructure that responds to the critical needs of growing cities in non-OECD countries, as part of identified city resilience plans.

Environmental aspects
Procurement

The fund's operational guidelines are expected to provide for environmental and social due diligences of all projects according to guidelines acceptable to the EIB.

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

Comments

This operation will be done under the Luxembourg EIB Climate Finance Platform ("LCFP") and is expected to have a significant climate action component in line with the objectives of this mandate.

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).

Documents

Environmental and Social Data Sheet (ESDS) - THE URBAN RESILIENCE FUND (TURF) B LCFP
Publication Date
2 Sep 2021
Document language
Main Topic
Lending
Document Number
142348764
Document Focus
Environmental Information
Project Number
20200800
Countries
Publicly available
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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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