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    Reference: 20180308
    Release date: 5 December 2018

    Promoter – Financial Intermediary

    NEDERLANDSE WATERSCHAPSBANK NV

    Location

    Description

    The project consists of a multiple beneficiary intermediary loan (MBIL) with the second largest public sector bank in the Netherlands (NWB Bank) to finance small and medium-scale projects promoted by the water authorities (SSPAs). Sub-projects will be investments in flood protection and water management.

    Objectives

    The proposed loan will be the third operation with NWB Bank. The first and second loans were fully disbursed in 2015 and 2016, respectively. Unlike the previous operations, the proposed loan will exclusively finance investments in the water sector, and the intended beneficiaries of the loan are water authorities in the Netherlands. The loan proceeds will be utilised during 2019-2020 to finance investments in flood defences and water resource management, to ensure continued compliance with EU Directives and national guidelines.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules. The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook.

    Procurement

    The intermediary institution will be required to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement and the relevant applicable EU public procurement rules.

    Status

    Signed - 13/09/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    The Netherlands Credit lines