Release date: 11 December 2001
Promoter – Financial Intermediary
Landwirtschaftliche RentenbankLocation
Description
The Global loan will fund Rentenbank's dedicated special programmes to finance long term investments in the fields of agro-food production, rural development, forestry and rehabilitation of small villages.
Objectives
This is the first Global Loan exclusively earmarked for projects in the areas of agro-food, rural development, forestry and rehabilitation of small villages in Eastern Germany. The projects to be financed will enhance rural development by improving the environmental working and living conditions in rural areas also by creating employment.
Comments
Assisted areas, predominantly Objective 1, environmental protection and SME's.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Approx. EUR 300 million until 2003.
Environmental aspects
Compliance with EU environmental directives and national laws shall be ensured.
Procurement
For the award of public contracts the EU tender directives are to be followed.
Status
Signed - 5/06/2002