Release date: 23 January 2007
Promoter – Financial Intermediary
Instituto Valenciano de FinanzasLocation
Description
Global loan for the financing of mainly small- and medium-scale projects according to the Bank’s eligibility criteria, in particular in the fields of environmental protection, energy savings, infrastructure (incl. health, education and urban renewal), industry, services, tourism, or projects enhancing the knowledge-based economy in the region of Valencia.
Objectives
The proposed global loan would enhance the Bank’s support in favour of projects contributing to reinforce the productivity and competitiveness of SMEs throughout the region of Valencia, and to promote small- and medium-sized infrastructure investments of regional or EU interest.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the total project cost (around EUR 50 million).
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The finance contract to be signed between the EIB and the intermediary will include a clause whereby the intermediary undertakes an unconditional obligation to include in all the underlying contracts with final beneficiaries an obligation to comply with EC Directives and national legislation concerning the respect of the environment.
Procurement
The Bank’s policy on global loans ensures that appropriate measures have been adopted in relation to tendering procedures.
Status
Signed - 3/07/2007
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).