Our regions of activity
Within the European Union
The EIB in the Enlargement countries
European Free Trade Association
EIB in the Mediterranean partner countries*
Maximizing synergies
Financing & advisory services
Private equity
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FEMIP Support Package
How to apply
Trust fund
Technical advisory
Risk capital operations
CAMENA climate action envelope
Organisation and staff
The EIB in the Eastern neighbourhood countries
Cooperation with other institutions and organisations
Financing facilities
DCFTA Initiative
Trust fund
Examples of EPTATF Operations
Institutional framework
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
The EIB in sub-Saharan Africa, the Caribbean and the Pacific
Madagascar and the EIB
Kenya and the EIB
Our focus in the ACP region
Looking for a loan?
Investment Facility
Boost Africa
Our partners
Senegal and the EIB
Malawi and the EIB
Tanzania and the EIB
Mali and the EIB
Asia and Latin America
United Kingdom and the EIB
Agriculture sector
Digital Economy sector
Education and training sector
Energy sector
Modernisation Fund
Forestry sector
Health and life science sector
Regional development & cohesion
Transport sector
Trans-European Networks
Transport sector
Trans-European Networks
Urban Development sector
Global Climate City Challenge
Water and wastewater management sector
Projects to be financed
Recently approved projects
Projects to be financed - Breakdown by region
Projects to be financed - Breakdown by sector
Explanatory notes
Financed projects
Projects to be financed - Breakdown by sector
Financed projects - Breakdown by region
EFSI project list
Project cycle
Applying for a loan
Operations evaluation
Operations Evaluation – Process and methodology


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Project appraisal is carried out by the EIB's teams of engineers, economists and financial analysts, in close cooperation with the promoter.

Criteria for a typical EIB appraisal are tailored to each specific project. Results are included in the project report to the Board of Directors for a financing decision.

  • eligibility (consistency with the EU's priority objectives)
  • Overall quality and soundness

Project quality is based on:

Technical scope:

  • definition of the project's "technical description";
  • technical soundness, innovative technology, risks and mitigation measures;
  • information on capacity for products/services.


  • promoter capability to implement the planned project;
  • information on timing and employment during implementation;


  • promoter's capability to operate and maintain the project;
  • information on production/service, operating and maintenance costs, employment during operational life.


  • compliance with applicable legislation and EIB guidelines.

Environmental impact:

  • compliance with applicable legislation;
  • information on environmental impact assessment.

Market and demand:

  • analysis of the products/services demand over the project's life, with reference to sectoral studies of the Projects Directorate.

Investment cost:

  • information on project costs and its detailed components;
  • comparison with cost of similar projects.


  • information on financial profitability and related indicators (e.g. rate of return);
  • information on economic profitability.

Once financed, the project's progress is regularly monitored.