Release date: 5 July 2002
Promoter – Financial Intermediary
Volksbank CZ a.s. / VB Leasing CZ spol. s.r.o.Location
Description
Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure, industry, services or tourism in the Czech Republic.
Objectives
The global loan would contribute to the development of term finance in the Czech Republic. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or smaller municipalities.
Comments
Financial
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
Minimum EUR 80 million
Environmental aspects
The financial intermediaries will be requested to ensure compliance of the sub-projects with EU Directives, as appropriate.
Procurement
The financial intermediaries will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.
Status
Signed - 5/11/2002