Release date: 15 July 2021
Promoter – Financial Intermediary
MERIDIAM GP SAS,MERIDIAM SAS
Layered fund developing and investing in sustainable and resilient urban infrastructure. The investment is made under the Luxembourg-EIB Climate Finance Platform.
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.
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.
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Solid waste - Water supply; sewerage, waste management and remediation activities
- Industry - Construction
- Urban development - Construction
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
EUR 350 million
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.
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.
Approved - 24/08/2021
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).