ARCUS EUROPEAN INFRASTRUCTURE FUND 2

Promoter – Financial Intermediary

ARCUS EUROPEAN INVESTMENT MANAGER LLP

Location

• EU Countries

Description

The project consists of a pan-European equity fund targeting energy, transport and telecommunications' infrastructure mainly in the European Union.

Objectives

The Fund will invest in the greenfield and operate assets primarily in the telecommunication, transport and energy sectors mainly in the European Union.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply
• Transport - Transportation and storage
• Telecom - Information and communication

Proposed EIB finance (Approximate amount)

EUR 90 million

Total cost (Approximate amount)

EUR 1250 million

Environmental aspects

Most, if not all, of the renewable energy projects financed by the fund are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EU, in which case the projects may be subject to a full EIA, following a screening based on Annex III of the EIA Directive by the competent authorities. The promoter's capacity and procedures will be assessed to ensure that the fund management and its investee companies are in compliance with the Bank's environmental and social requirements for infrastructure fund activities.

Procurement

The fund's investment guidelines will require the fund manager to take all the requisite measures to ensure that contracts for the implementation of the projects financed by the fund have been or will be (as appropriate) tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/23/EU and/or Directive 2014/24/EU and/or Directive 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC) as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.

Status

Signed - 25/09/2018