Release date: 24 October 2003
Promoter – Financial Intermediary
Central-European International Bank Ltd. (CIB)
Medve u. 4-14H
0-1027 Budapest
Location
Description
Financing of small- and medium-sized projects (including leasing transactions) in the fields of energy, energy savings, environmental protection, infrastructure (including health, education, social housing - if integrated in well-defined urban rehabilitation schemes and urban renewal), knowledge-based economy, industry, services and tourism in Hungary.
Objectives
The global loan would contribute to the development of term finance in Hungary. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted by small and medium sized enterprises (SMEs) and local municipalities/authorities/associations.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Minimum EUR 400 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 the public sector contracts, as appropriate.
Status
Signed - 10/12/2003
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).