MERIDIAM INFRASTRUCTURE AFRICA FUND TOP UP

Promoter – Financial Intermediary

MERIDIAM SAS

Location

• Regional - Africa

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