Release date: 25 May 2005
Promoter – Financial Intermediary
Caja de Ahorros del Mediterraneo (CAM)Location
Description
Global Loan with two completely separate dedicated tranches: Tranche A dedicated to finance infrastructure investments of local authorities and public sectors institutions and Tranche B dedicated to finance SMEs.
Both tranches will sustain small and medium-sized projects mainly located in assisted areas contributing towards environmental protection, rational use of energy, health and education as well as urban rehabilitation schemes and projects falling under the scope of the Bank's i2i initiative. For SMEs, projects in tourism, industry and services would also be eligible.
The EIB funding would represent up to 50% of individual allocations.
Objectives
The project will contribute to regional development by improving public infrastructures as well as competitiveness in assisted areas and also by contributing to environmental protection, reduction in pollution as well as rational use of energy and diversification.
Comments
Industry, tourism, services, infrastructure, environmental protection, energy, health, education, i2i and housing.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Final beneficiaries will be requested to comply with national and EU Directives, as appropriate.
Procurement
Final beneficiaries will be requested to comply with national and EU Directives, as appropriate.
Status
Signed - 10/05/2006
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).