Release date: 18 November 2009
Promoter – Financial Intermediary
Sponsors:
- French CDC - Caisse des Dépôts et Consignations
- Italian CDP - Italian Cassa depositi e prestiti SpA
- Egyptian EFG - EFG Hermes
- Moroccan CDP - Caisse de Dépôt et de Gestion
- European Investment Bank
Location
Description
Participation in an infrastructure fund which will primarily invest in sustainable urban, transport and energy infrastructures.
Objectives
The Inframed fund will contribute to the Union for the Mediterranean by providing a source of equity financing for infrastructure projects across the region.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million.
Total cost (Approximate amount)
The fund is targeting to raise a minimum of EUR 400 million and a maximum of EUR 1 billion.
Environmental aspects
The Fund’s guidelines will be consistent with EIB’s own internal guidelines. Due to indirect nature of EIB’s involvement (ie fund participation and subsequent delegation to management), it will be the InfraMed manager complying to these guidelines.
Procurement
Similar approach as for environmental guidelines.
Status
Signed - 26/05/2010
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).