Release date: 18 July 2017
Promoter – Financial Intermediary
PRIVATE ENTITY(IES)Location
Description
An infrastructure fund focusing mainly on Europe, principally in the energy and utilities, transportation and telecommunications sectors
Objectives
The fund targets high-quality core infrastructure investments in projects which will deliver stable cash flows with primarily mid-term (e.g. 5-15 year) contracted income streams.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Transport - Transportation and storage
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
EUR 450 million
Environmental aspects
The fund will be required to comply with the Bank's environmental and social standards.
Procurement
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 3/11/2017
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).