InfraMed Infrastructure Fund

Promoter – Financial Intermediary

Sponsors:

• French CDC - Caisse des Dépôts et Consignations
• Italian CDP - Italian Cassa depositi e prestiti SpA
• Egyptian EFG - EFG Hermes
• Moroccan CDP - Caisse de Dépôt et de Gestion
• European Investment Bank

Location

• Mediterranean Countries

Description

Participation in an infrastructure fund which will primarily invest in sustainable urban, transport and energy infrastructures.

Objectives

The Inframed fund will contribute to the Union for the Mediterranean by providing a source of equity financing for infrastructure projects across the region.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Up to EUR 50 million.

Total cost (Approximate amount)

The fund is targeting to raise a minimum of EUR 400 million and a maximum of EUR 1 billion.

Environmental aspects

The Fund’s guidelines will be consistent with EIB’s own internal guidelines. Due to indirect nature of EIB’s involvement (ie fund participation and subsequent delegation to management), it will be the InfraMed manager complying to these guidelines.

Procurement

Similar approach as for environmental guidelines.

Status

Signed - 26/05/2010