Release date: 7 November 2002
Promoter – Financial Intermediary
Všeobecná Úverová banka, a.s. (VUB)Location
Description
Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure (including health and education), industry, services or tourism in the Slovak Republic. Part of the loan proceeds may be used by VUB’s branch network in the Czech Republic.
Objectives
The global loan would contribute to the development of term finance. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or smaller municipalities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
Minimum EUR 100 million
Environmental aspects
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, as appropriate.
Procurement
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.
Status
Signed - 11/12/2002