Release date: 30 August 2005
Promoter – Financial Intermediary
The Facility will be made available through the Central Bank of Sri Lanka (CBSL) and eligible participating financial institutions (PFIs).
For the PFIs, DFCC Bank will be the administrative unit for the credit line, processing and coordinating applications received by the PFIs.
Location
Description
Loan for the financing of small and medium scale projects in industry, infrastructure, tourism, energy and telecommunications, related services and other sectors.
Objectives
The purpose of the project to provide funding to those industries and services affected directly or indirectly by the Tsunami.
Comments
Mainly industry and infrastructure in the private sector.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 70m, split in two tranches.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The borrower will be requested to ensure that the final beneficiaries comply with the local legislation and with EIB rules and guidelines, as appropriate.
Procurement
EIB procurement guidelines will be applied.
Status
Signed - 6/04/2006
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).