Release date: 31 March 2003
Promoter – Financial Intermediary
A/S Pirma BankaLocation
Description
Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure, industry, services or tourism.
Objectives
The global loan would contribute to the development of term finance in Latvia. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or local municipalities.
Comments
Projects in various sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 20 million
Total cost (Approximate amount)
Minimum EUR 40 million
Environmental aspects
The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and EU Directives, as appropriate.
Procurement
The financial intermediary 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 - 15/05/2003
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).