Release date: 6 October 2016
Promoter – Financial Intermediary
INFRANODE I HOLDING ABLocation
Description
Investment platform (IP) focusing on energy, transport and social infrastructure projects in Nordic countries
Objectives
The platform's investments will contribute to a number of EU priority objectives in the energy, transport, and social infrastructure sectors - climate change and security of energy supply as well as protection and enhancement of the urban environment and creation of sustainable cities and communities.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Solid waste - Water supply; sewerage, waste management and remediation activities
- Transport - Transportation and storage
- Urban development - Construction
- Energy - Electricity, gas, steam and air conditioning supply
- Telecom - Information and communication
- Services - Information and communication
Proposed EIB finance (Approximate amount)
SEK 901 million
Total cost (Approximate amount)
SEK 4460 million
Environmental aspects
The individual projects associated with the IP's underlying investments are mostly expected to fall under Annex I or Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU. Consequently, most projects will either require a full EIA or a screening decision by the national competent authority to determine whether or not an EIA is required. The legal documentation to be entered into by the Bank will require the IP to ensure that its underlying investments and any projects associated with them respect the relevant EU directives and the Bank's environmental and social standards.
Procurement
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 (Directive 2014/24/EU where applicable and/or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 16/02/2017
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).