Commerzbank I2I Global Loan

Promoter – Financial Intermediary

Public sector promoters implementing eligible projects focused by this global loan.

Location

• Germany

Description

Global loan for the financing of small and medium sized projects promoted by the public sector in Germany and contributing towards the Bank’s innovation 2010 initiative and focussing thus on education and training, and research and development. Targeted projects would mainly be in the education sector (schools as well as universities), where infrastructure enhancement is increasingly a priority in Germany.

Objectives

The proposed global loan intends to lower the funding cost for i2i related public sector infrastructure projects and gives the Bank the opportunity to extend its loan products to projects of limited size through the co-operation with Commerzbank, a well-established partner bank on a national level. Based on its experience in public sector financing, Commerzbank has identified a multitude of small investment projects, particularly in education and training sector. The operation would therefore promote EU objectives for such projects, which cannot otherwise be achieved by EIB.

Comments

Education and Training. R&D and Innovative Downstream Investment.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

The Bank will finance up to 50% of the project cost or EUR 100m.

Total cost (Approximate amount)

EUR 200m.

Environmental aspects

Compliance with EU directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.

Procurement

Compliance with EU directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.

Status

Signed - 10/02/2005