Release date: 20 February 2018
Promoter – Financial IntermediaryARCUS EUROPEAN INVESTMENT MANAGER LLP
The project consists of a pan-European equity fund targeting energy, transport and telecommunications' infrastructure mainly in the European Union.
The Fund will invest in the greenfield and operate assets primarily in the telecommunication, transport and energy sectors mainly in the European Union.
- Energy - Electricity, gas, steam and air conditioning supply
- Transport - Transportation and storage
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
EUR 1250 million
Most, if not all, of the renewable energy projects financed by the fund are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EU, in which case the projects may be subject to a full EIA, following a screening based on Annex III of the EIA Directive by the competent authorities. 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.
The fund's investment guidelines will require the fund manager to take all the requisite measures to ensure that contracts for the implementation of the projects financed by the fund have been or will be (as appropriate) tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/23/EU and/or Directive 2014/24/EU and/or Directive 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC) as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.
Signed - 25/09/2018
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).