PUBLIC SECTOR INVESTMENT FACILITY

Multi-sector facility devised to support the Czech Republic's multi-annual public investment programme in priority eligible sectors, namely in health/social care, culture and public administration, through the acquisition of the government bonds.

The pre-selected investment programmes aim at several objectives, such as enhancement of quality of life, effective public management and prosperity. The Project is expected to comprise schemes eligible under the Convergence objective as well as investments located in Prague (classified as a Competitiveness and Employment region) which will be justified under other EIB objectives (human capital, RDI, sustainable communities).

Some of the schemes may fall under the requirements laid down in the EIA Directive 85/337/EEC. The Bank will request to be informed of the actions taken by the Promoter on the necessity of undertaking an EIA. Had any scheme a negative impact on an area forming part of Natura 2000 network, the Bank would require the promoter to act according to the provisions of the relevant directives as transposed into the national law.

The promoters as public administration entities are required to follow the EU public procurement rules as implemented by national law, including publication of contract notices in the EU Official Journal where appropriate.