Release date: 19 January 2007
Promoter – Financial Intermediary
Commerzbank AGLocation
Description
Global Loan focusing on small-scale eligible projects including PPP investments in the environmental sector in Germany without excluding potential operations in other EU countries.
Objectives
The proposed global loan intends to lower the funding cost for small-scale investment projects through the co-operation with Commerzbank AG. Commerzbank has confirmed its interest to support the final beneficiaries in the environmental sector and is in the process of identifying a multitude of eligible investment projects of common interest. The operation will therefore promote EU objectives for such projects, which cannot be reached by EIB otherwise.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
All sub-projects financed under the proposed loan will be required to comply with the relevant national legal framework, to be acceptable in environmental terms to EIB and in line with EU environmental policy.
Procurement
Investments financed under the global loan will comply with EU procurement procedures.
Status
Signed - 9/03/2007
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).