BAWAG Regional Development Global Loan

Promoter – Financial Intermediary

Bank für Arbeit und Wirtschaft AG, Vienna

Location

• Austria

Description

This global loan would focus on projects of limited scale in the fields of environmental protection and improvement as well as infrastructure, energy, health, education and SMEs situated to more than 70% in regional development areas.

Objectives

Through the financial intermediary, the global loan would aim at providing long-term funding for eligible projects promoted by public and semi-public entities as well as SMEs.

Comments

1. Environmental protection and improvement,
2. Rational use of energy,
3. Infrastructure (including health, education and urban renewal),
4. SMEs.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

About EUR 100 million.

Total cost (Approximate amount)

Not applicable

Environmental aspects

All eligible projects will have to comply with environmental conditions according to national and EU regulations.

Procurement

All eligible projects will have to comply with public procurement EU legislation.

Status

Signed - 6/10/2005