Release date: 16 February 2007
Promoter – Financial Intermediary
Investitionsbank des Landes Brandenburg, Potsdam.Location
Description
Loan to finance EU supported grant schemes for providing lasting support for productivity, SMEs and economic development in the Land Brandenburg, a convergence region.
Objectives
The operation concerns a dedicated loan for the financing of the Land Brandenburg's own resource contribution to EU and national grant support programmes under the so-called Gemeinschaftsaufgabe (GA), which is a Germany-wide financial support framework within which each Federal State can define its individual promotional strategy and priorities.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 340 million.
Total cost (Approximate amount)
Up to EUR 3 billion.
Environmental aspects
The Federal Republic of Germany and Land Brandenburg have adopted environmental legislation in line with the standards mandated by the relevant EU Directives, the latest being 2003/35/EC. Projects supported through the proposed operaiton will be subject to the normal scrutiny and conditions of the prevailing planning and environmental regulations and legislation.
Procurement
German public procurement law complies fully with Directives 92/50/EEC, 93/36/EEC, 93/37/EEC, and the subsequent Coordinated Directive 2004/18/EC. Tenders will be organised in compliance with these procurement directives where necessary. Individual investments either have been, or will be, scrutinised and prioritised by the competent Land authorities. As part of this process, they are the object of appraisal, tendering, procurement and evaluation procedures which should satisfy the Bank's requirements.
Status
Signed - 18/07/2007
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).