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    Reference: 20200800
    Release date: 15 July 2021

    Promoter – Financial Intermediary

    MERIDIAM GP SAS,MERIDIAM SAS

    Location

    Description

    Layered fund developing and investing in sustainable and resilient urban infrastructure. The investment is made under the Luxembourg-EIB Climate Finance Platform.

    Objectives

    Develop and invest in greenfield essential infrastructure that responds to the critical needs of growing cities in non-OECD countries, as part of identified city resilience plans.

    Comments

    This operation will be done under the Luxembourg EIB Climate Finance Platform ("LCFP") and is expected to have a significant climate action component in line with the objectives of this mandate.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 8 million

    Total cost (Approximate amount)

    EUR 350 million

    Environmental aspects

    The fund's operational guidelines are expected to provide for environmental and social due diligences of all projects according to guidelines acceptable to the EIB.

    Procurement

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

    Status

    Approved - 24/08/2021

    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 Water, sewerage Solid waste Industry Urban development Transport