Project cycle

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Project cycle

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A project financed by EIB typically goes through seven major stages: proposalappraisal, approval, signature, disbursement, monitoring and repayment.

We explain some of these steps in more detail, click on the links above to read more.

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Product cycle graph
Potential promoters submit a loan application for support with their project to the EIB.
Carried out by the Bank’s engineers, economists and financial analysts, in close cooperation with the promoter. Their report goes to the Management Committee and then to the Board of Directors for a final decision.
The Bank’s Management Committee review the project and, if they approve, submit a report to the board of directors.
The Board gives the final decision on which projects will be approved for EIB financing.
Once approved, a loan can move on to the next stages.
Different aspects of the loan are then negotiated, such as length and interest rates. Loans can be drawn down in one or more instalments.
EIB loans can be drawn down in ways chosen by the borrower, subject to approval by all stakeholders.
EIB loans are monitored from signature, through implementation and operation up until the loan has been repaid.