Release date: 21 January 2005
Promoter – Financial Intermediary
NORD/LB Latvija JSCLocation
Description
Financing of small and medium-scale projects promoted by private and public bodies in the fields of environment, infrastructure, development of a knowledge-based economy, rational use of energy, health and education, as well as by SMEs in industry, services and tourism in Latvia.
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 by SMEs and by private and public promoters in eligible sectors.
Comments
Industry, services, tourism, environment, infrastructure, development of a knowledge-based economy, rational use of energy, health and education.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 20 million
Total cost (Approximate amount)
Minimum EUR 40 million
Environmental aspects
Compliance with EU and national environmental legislation and guidelines will be made a condition for each sub-project under the global loan.
Procurement
Compliance with EU Directives and national legislation and guidelines is made a condition for each sub-project under the global loan.
Status
Signed - 12/05/2005
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).