Release date: 3 February 2005
Promoter – Financial Intermediary
HVB Bank RomaniaLocation
Description
Small and medium-scale projects in the field of environment protection, infrastructure, development of a knowledge-based economy, rational use of energy, health and education in Romania.
Objectives
The global loan would contribute to the development of term finance in Romania. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted by small and medium sized enterprises (SMEs) and local municipalities/authorities/associations.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 20 million
Total cost (Approximate amount)
EIB finances up to 50% of total project cost
Environmental aspects
The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and 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 may be appropriate.
Status
Signed - 15/09/2005