Release date: 29 April 2002
Promoter – Financial Intermediary
Banco Totta & Açores, S.A.Location
Description
Global Loan
Objectives
Financing of investments of limited scale that:a) are carried out by small and medium size companies in industry and related services, commerce and tourism, and/or; b) contribute towards environmental protection, rational use of energy, the improvement of infrastructure and the provision of services in the health and education sectors, promoted by companies or municipalities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EIB finance will cover up to 50% of total project cost for each allocation
Environmental aspects
The financial intermediary will be requested to ensure that the projects will comply with relevant national and EU Directives, as appropriate.
Procurement
Investments financed under the Global Loan will comply with EU procurement procedures.
Status
Signed - 18/04/2002
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).