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    Reference: 20180638
    Release date: 12 October 2018

    Promoter – Financial Intermediary

    MERIDIAM SAS

    Location

    Description

    The Fund will finance primarily greenfield infrastructure projects in the energy and power, transportation, environmental infrastructure, social infrastructure and telecommunications sectors across Africa.

    Objectives

    The fund will make investments predominantly in greenfield projects, but may also invest in selected secondary projects at the operational stage. The fund will generally seek to acquire significant minority or majority stakes of the junior/equity capital in each project with strong corporate governance rights to be able to monitor and manage project risks. The proposed transaction would be an incremental commitment for the EIB, in addition to the existing commitment of EUR 30 million.

    Comments

    SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES SECTION H : TRANSPORTATION AND STORAGE SECTION J : INFORMATION AND COMMUNICATION SECTION P : EDUCATION

    Sector(s)

    • Health - Human health and social work activities
    • Energy - Electricity, gas, steam and air conditioning supply
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities
    • Services - Transportation and storage
    • Telecom - Information and communication
    • Education - Education

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 505 million

    Environmental aspects

    The fund's operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with EIB's Guide to Procurement.

    Status

    Signed - 29/03/2019

    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

    Regional - Africa Health Energy Water, sewerage Services Telecom Education