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This is a multiple beneficiary Intermediated Loan to Saechsische Aufbaubank (SAB), the public regional promotional bank of the German Federal State of Saxony. The loan will be used to support SAB's promotional lending for smaller scale projects carried out by municipalities and other public sector entities or public utilities.
The project will help to finance smaller projects carried out by municipalities and other public sector entities or public utilities in order to support sustainable growth in the Free State of Saxony which is largely an EIB Cohesion Priority Region.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.