MARGUERITE FUND II

Promoter – Financial Intermediary

CASSA DEPOSITI E PRESTITI,BANK GOSPODARSTWA KRAJOWEGO,CAISSE DES DEPOTS ET CONSIGNATIONS,BANQUE EUROPEENNE D'INVESTISSEMENT,KFW,INSTITUTO DE CREDITO OFICIAL

Location

• EU Countries

Description

The project consists of a pan-European infrastructure fund targeting transport, energy, renewable energy, energy efficiency, ICT (broadband) and water treatment sectors.

Objectives

Marguerite Fund II aims at equity investments in different sectors including energy, renewable energy, energy efficiency, transport, telecommunications and water treatment within EU countries. Up to 20% could be also invested into accession countries.

Comments

No web publication for confidentiality reasons

Sector(s)

• Industry - Construction
• Energy - Electricity, gas, steam and air conditioning supply
• Transport - Transportation and storage
• Telecom - Information and communication
• Water, sewerage - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 700 million

Environmental aspects

Most of the Fund's underlying infrastructure investments will either require a full environmental impact assessment (EIA) or a screening decision by the national competent authority to determine whether an EIA is required or not. The legal documentation to be entered into by the Bank will require the Fund to ensure that its underlying investments respect the relevant EU Directives and the environmental and social standards of the Bank. The promoter's capacity and procedures will be assessed to ensure that the Fund Management and its investee companies are in compliance with the Bank's environmental and social requirements for infrastructure fund activities.

Procurement

The EIB will require the Fund Manager to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the EIB Guide to Procurement or relevant applicable EU procurement legislation (Directive 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, 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 EU Official Journal, as and where required.

Status

Signed - 30/11/2017