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    Reference: 20130004
    Release date: 6 March 2013

    Promoter – Financial Intermediary




    Co-financing of EU Operational Programmes in fields of Sustainable Development and Competitiveness; and Employment, Human Capital and Social Cohesion


    Support for Urban Renewal and regeneration (incl. Health), Environmental Protection, SME (including Mid Caps), Economic and Social Cohesion



    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 1177 million

    Environmental aspects

    The project is a multi-scheme operation classified as a Framework Loan/Structural Programme Loan. Some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 2011/92/EU, or may have an impact on an area forming part of the Natura 2000 network. It is a requirement that all the schemes must be implemented in compliance with the EU environmental legislation.


    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EC or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.


    Signed - 30/05/2013


    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).

    Related tags

    Cyprus Solid waste Composite infrastructure Urban development Services