Release date: 27 May 2016
Promoter – Financial Intermediary
TIIC ADVISOR S.A.S.Location
Description
Pan-European transport and social infrastructure fund
Objectives
The fund plans to invest equity in small and medium-sized transport and social infrastructure projects, predominantly in the European Union.
Sector(s)
Proposed EIB finance (Approximate amount)
Not disclosed.
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
Most of the fund's underlying infrastructure investments will require a full environmental impact assessment or screening by the national competent authority to determine whether an environmental impact assessment (EIA) is required or not. The legal documentation to be entered into by the Bank will require the fund to ensure that its underlying investments respect the environmental and social standards of the Bank.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 27/12/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).