MARGUERITE FUND II

The project consists of a pan-European infrastructure fund targeting transport, energy, renewable energy, energy efficiency, ICT (broadband) and water treatment sectors.

Marguerite Fund II aims at equity investments in different sectors including energy, renewable energy, energy efficiency, transport, telecommunications and water treatment within EU countries. Up to 20% could be also invested into accession countries.

Most of the Fund's underlying infrastructure investments will either require a full environmental impact assessment (EIA) or a screening decision by the national competent authority to determine whether an 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 relevant EU Directives and the environmental and social standards of the Bank. 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.

The EIB will require the Fund Manager to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the EIB Guide to Procurement or relevant applicable EU procurement legislation (Directive 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 EU Official Journal, as and where required.

No web publication for confidentiality reasons