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Pan-European transport and social infrastructure fund
The fund plans to invest equity in small and medium-sized transport and social infrastructure projects, predominantly in the European Union.
Most of the fund's underlying infrastructure investments will require a full environmental impact assessment or screening by the national competent authority to determine whether an environmental impact assessment (EIA) is required or not. The legal documentation to be entered into by the Bank will require the fund to ensure that its underlying investments respect the environmental and social standards of the Bank.
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.