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    Reference: 20230584
    Release date: 19 October 2023

    Promoter – Financial Intermediary

    REPUBLIC OF MALTA

    Location

    Description

    The project will co-finance small projects under Malta's Operational Programmes for the period 2021-2027 under the Cohesion Fund, the European Regional Development Fund (ERDF), the European Social Fund (ESF), the European Maritime, Fisheries and Aquaculture Fund (EMFAF) and Just Transition Fund (JTF).

    Objectives

    This operation will support Malta's smart and sustainable growth by contributing to achieve the objectives of the Maltese Partnership Agreement on EU funds 2021-2027. The related sub-projects, to be limited to an investment cost of EUR 50m each, will address multiple sectors, particularly energy, education, health, water as well as research, development and innovation. The project will contribute to territorial cohesion and social inclusion (focus on specific groups and gender equality, for example). This will be further assessed during the appraisal and monitored throughout the implementation period.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 225 million

    Total cost (Approximate amount)

    EUR 886 million

    Environmental aspects

    The compliance with the relevant EU Directives will be verified during appraisal. The promoter is required to act according to the provisions of the relevant EU legislation, mainly the strategic environmental assessment (SEA)(2001/42/EC), environmental impact assessment (EIA) (2011/92/EU, as amended by 2014/52/EU), Habitats (92/43/EEC) and Birds (2009/147/EC) Directives, as well as national legislation. Some schemes in the Operational Programmes might concern the construction or upgrade of small water and wastewater treatment infrastructure or the construction or upgrade of water distribution infrastructure. The EIB will assess the promoter's compliance with the Water Framework Directive (WFD) 2000/60/EC and the Urban Waste Water Council Directive 91/271/EEC at appraisal and during the allocation phase. Some schemes in the Operational Programmes might concern the new construction or refurbishment of buildings. The EIB will assess the promoter's compliance with the Energy performance of buildings directive (Directive EU/2018/844) at appraisal and during the allocation phase. The contribution to climate action (adaptation and mitigation) and environmental sustainability, where relevant, will be assessed during 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, Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or 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

    Under appraisal - 25/08/2023

    Milestone
    Under appraisal

    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

    Malta Credit lines Energy Water, sewerage Solid waste Industry Composite infrastructure Transport Telecom Services Education Health