Release date: 7 December 2010
Promoter – Financial Intermediary
Aviva Investors / Hadrian’s Wall Capital
Location
Description
Subordinated debt fund enabling capital markets to provide senior debt funding for infrastructure projects in Europe.
Objectives
Enabling long term capital market funding by providing subordinated debt for priority infrastructure projects.
Comments
The fund is a Specialised Investment Fund.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 50 million
Total cost (Approximate amount)
Targeted GBP 500 million
Environmental aspects
The Fund's draft documentation requires that in respect of the individual projects which are the ultimate beneficiary of the fund's debt (i) all have to comply with all applicable EU Directives and national legislation related to the environment; (ii) all should comply also with all multilateral environmental agreements to which the Member State is a party, and that (iii) the relevant environmental documentation related to the project shall be acquired and retained by the Fund, for future disclosure to the EIB if necessary.
Procurement
The Fund's draft documentation requires that in respect of the individual projects which are the ultimate beneficiary of the fund's debt, procurement has been undertaken in accordance with EU procurement directives, and that specifically PPP projects have been procured in line with guidance in the EC Interpretative Communication on Concessions and that value for money has been demonstrated.
Status
Signed - 25/05/2012
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).