Release date: 1 December 2010
Promoter – Financial Intermediary
BRE Bank SA
Location
Description
Financing of small and medium-sized ventures undertaken by regional and municipal authorities and their companies in the field of environmental protection, energy savings, infrastructure (incl. health and education), industry, agro-industry, services or tourism.
Objectives
The loan will provide an attractive alternative source of funding to regional and municipal authorities for carrying out small and medium-sized ventures.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Procurement
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Status
Signed - 8/06/2011
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).