Deutsche Kreditbank New Länder (Global Loan II)

Promoter – Financial Intermediary

Deutsche Kreditbank AG, Berlin

Location

• Germany

Description

Global loan for the financing of small and medium sized projects carried out by public and private sector promoters contributing towards hereafter defined sectors.

Objectives

The global loan will focus on investments in the New German Länder, an objective 1 area, and help correcting regional disparities.

Comments

Infrastructure, environment, energy, health, education and housing (the latter if integrated in well defined urban rehabilitation schemes).

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 million (100% own resources)

Total cost (Approximate amount)

At least EUR 300 million

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 - 22/05/2003