NWB LOAN FOR CLIMATE AND FLOOD PROTECTION - MBIL

Promoter – Financial Intermediary

NEDERLANDSE WATERSCHAPSBANK NV

Location

• The Netherlands

Description

The project concerns a multiple beneficiary intermediated loan (MBIL) with the second largest public sector bank in the Netherlands (NWB Bank) to finance small and medium scale projects promoted by the water authorities (SSPAs). Sub-projects will be investments in flood protection and water management.

Objectives

This will be the fourth operation with NWB Bank. The third loan was fully disbursed in 2022. Similarly to this one, the proposed loan will exclusively finance investments in the water sector, and the intended beneficiaries of the loan are water authorities in the Netherlands. The loan proceeds will be utilised during 2024-2026 to finance investments in flood defenses and water resource management, to ensure continued compliance with EU Directives and national guidelines.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 400 million

Total cost (Approximate amount)

not applicable

Environmental aspects

In accordance with the EIB's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment, the EIB will require NWB Bank to take all the requisite measures to ensure that the environment procedures carried out by the final beneficiaries for the sub-projects will comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

Procurement

The intermediary institution will be required to take all the requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects are in accordance with EIB's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Signed - 26/01/2024