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    Reference: 20200240
    Release date: 29 October 2021

    Promoter – Financial Intermediary

    HELLENIC REPUBLIC

    Location

    Description

    The framework loan represents a subset of projects listed in the so-called Digital Transformation Bible (DTB), which is the guideline for the implementation of the Greek state's digital transformation strategy. The projects will lead to new as well as enhanced administrative mechanisms for the benefit of the Greek citizens and economy across the entire country.

    Objectives

    The project aims to support a list of digital governance investments that touch upon a number of critical sectors which were slowed down or hampered in previous years for various reasons. The proposed investments include a number of projects that are considered valuable for the continuation and upgrade of the existing digital infrastructure. All projects are considered crucial for Greece's digital transformation and are aligned with the principles of the country's digital strategy, which are depicted in the Digital Transformation Bible, launched in December 2020.

    Sector(s)

    • Telecom - Information and communication
    • Services - Public administration and defence; compulsory social security

    Proposed EIB finance (Approximate amount)

    EUR 125 million

    Total cost (Approximate amount)

    EUR 250 million

    Environmental aspects

    In general the information and communication technologies (ICT) sector is not directly covered by Annexes I or II of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The schemes within the framework will mostly relate to software-based solutions that will not represent a significant negative residual impact on the environment. As the project pipeline is still to be fully defined, the environmental details will be assessed during the appraisal.

    Procurement

    The Bank will require the Promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation as and where required.

    Status

    Under appraisal - 1/07/2020

    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

    Greece Telecom Services