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    Reference: 20150311
    Release date: 12 November 2015

    Promoter – Financial Intermediary




    The project is a public-private equity fund established in 2011 and currently going through its investment period.


    Flagship operation between Instituo de Credito Oficial (ICO) and the EIB who will share equity risk in infrastructure investments through an Axis fund. This is the first operation with these characteristics and will help Spanish sponsors to revitalise the project finance sector in Spain and the EU.


    • Transport - Transportation and storage
    • Energy - Electricity, gas, steam and air conditioning supply
    • Health - Human health and social work activities

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 250 million

    Environmental aspects

    The fund manager will carry out an assessment with regard to the investments which the fund manager considers to be EIB-eligible in order to come to the reasoned conclusion that environmental and social impact has been duly addressed and the projects are acceptable in environmental and social terms. Within the EU, the applicable EU directives on environmental and social matters in force at the time should be complied with.


    The fund's investment guidelines will be required to ensure that procurement procedures applied in the underlying investments financed with proceeds of the EIB loan are in line with the provisions of EU procurement directives.


    Signed - 12/05/2016


    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

    Spain Transport Energy Health