Release date: 4 October 2007
Promoter – Financial Intermediary
Commerzbank AG, Frankfurt am Main
Location
Description
Global loan for the financing of projects of limited size in assisted areas contributing towards environmental protection, rational use of energy and improvement of urban infrastructure in particular.
Objectives
The provision of financing under the project will be directed to operations in the assisted areas in Germany and as the case may be in other EU member states the project thereby promoting economic and social cohesion as well as contributing towards reduction of regional disparities.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million.
Total cost (Approximate amount)
EUR 100 million.
Environmental aspects
Compliance with EC directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.
Procurement
Compliance with EC directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.
Status
Signed - 5/09/2007