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    Reference: 20150905
    Release date: 18 February 2016

    Promoter – Financial Intermediary

    MIROVA

    Location

    Description

    Equity fund targeting small infrastructure public-private partnership (PPP) projects in France mobilising private financing of maximum EUR 30m

    Objectives

    The fund aims to make a commercial return whilst contributing to the construction and operation of needed urban, transport, telecommunication, utilities and social infrastructure which will benefit local residents, improving their quality of life. The fund is also expected to facilitate small and medium-sized enterprises' (SMEs') access to public tenders and, therefore, have a positive effect on growth and job creation.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Not disclosed.

    Total cost (Approximate amount)

    Not disclosed.

    Environmental aspects

    Some of the fund's underlying investments may fall under Annex I or II of Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), requiring a full EIA or screening by the national competent authority on the basis of Annex III to determine the need for a full EIA. The legal documentation to be entered into by the Bank will require the fund manager to ensure that its underlying investments respect the requirements and/or principles of the EU directives and comply with the Bank's environmental and social standards.

    Procurement

    The fund will ensure that procurement procedures of underlying investments are undertaken in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

    Status

    Signed - 30/09/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    France Transport Telecom Urban development