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    Reference: 20200279
    Release date: 14 May 2020

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    The programme loan will support public sector counterparties in containing the effects of the COVID-19 pandemic with health emergency response and preparedness interventions.

    Objectives

    The programme includes financing of medical equipment, medical supplies and related logistic for the short term response, whilst WHO or national authorities maintain pandemic or health emergency status for COVID-19, as well as the strengthening of medical health system (dedicated equipment and infrastructure) in the immediate aftermath. The main objectives are: (i) to contribute in a timely manner to the national medical emergency response to the COVID-19 pandemic, (ii) to contribute to the pandemic medium term response and, thereby to contribute to preserving the financial and operational viability of the public health care system in the respective countries.

    Comments

    The due-diligence of the underlying projects will follow the Bank's standard procedures.

    Sector(s)

    • Health - Human health and social work activities

    Proposed EIB finance (Approximate amount)

    EUR 519 million

    Total cost (Approximate amount)

    EUR 2000 million

    Environmental aspects

    The project concerns interventions that are expected to be carried out in the promoter's existing facilities already authorised for the same purpose and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. However, in case the Promoter is notified by one of the competent environmental authorities that one of the components constituting the project should require an EIA or equivalent, a copy of such EIA needs to be sent to the EIB once established.

    Procurement

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/24/EU, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Approved - 26/06/2020

    Disclaimer

    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).

    Related tags

    Hungary Romania Bulgaria Cyprus Czechia Slovakia Health