12 October 2016
Promoter – Financial Intermediary
Programme loan to finance investments of eligible mid-caps in industry, services, tourism and agriculture sectors in Austria, Bulgaria, Cyprus, Czech Republic, Greece, Hungary, Romania and Slovakia
It is expected that this programme loan will help to accelerate and further mobilise private sector investment, thus furthering the sustainability of mid-caps' competitive advantage over time and creating growth and employment opportunities in Austria, Bulgaria, Cyprus, Czech Republic, Greece, Hungary, Romania and Slovakia.
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 800 million
The projects to be financed under this programme loan will most likely concern investments expected to be carried out in existing facilities already authorised and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. However, for each sub-operation the Bank's services will review during the project appraisal whether any of the concerned projects could fall under the EIA Directive, as well as any other environmental details of the project.
The promoters will be private companies not operating in the Utilities sector and not having the status of contracting authority. Thus they are not covered by EU directives on procurement.
Approved - 13/12/2016