WIRTSCHAFTSFOERDERUNG BRANDENBURG II

Promoter – Financial Intermediary

Investitionsbank des Landes Brandenburg

Location

• Germany

Description

Framework loan to finance the Land Brandenburg's contribution to EU- and national grant programmes in convergence regions. The EIB loan will target two support schemes in Brandenburg, (i) providing grants to SMEs and mid-caps and (ii) providing grants to public beneficiaries for the improvement of the regional economic infrastructure.

Objectives

The project will support two investment programmes for small-scale economic development and economic infrastructure projects implemented by SMEs and public entities (mostly municipalities) using the EU and national grants.

Sector(s)

• Composite infrastructure
• Credit lines

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 1000 million

Environmental aspects

The project comprises a multi-scheme operation classified as a framework loan and some of the schemes may eventually fall under Annex II of the Environmental Impact Assessment (EIA) Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned Directives as transposed into the national law. It is a requirement that all schemes must be implemented in compliance with the EU environmental legislation.

Procurement

The promoter, ILB, will be required to follow the EU public procurement rules (2004/18/EC), including the publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation.

Status

Signed - 3/09/2013