Signature(s)
Summary sheet
- Credit lines - Credit lines
Dedicated financing supporting municipal and regional infrastructure projects in the Czech Republic.
The loan will support long-term lending of municipalities and regions and by them owned public entities in the Czech Republic in eligible sectors, primarily in urban, regional and rural development. It will support the upgrade, replacement and reorganisation of urban infrastructure and public facilities as well as environmental and efficiency improvements.
Narodni rozvojova banka, a.s ("NRB" or "Borrower") is a specialized financial institution benefiting from a public policy mandate and in charge of the implementation of the state's development strategy. As a well-established promotional development bank, NRB is not-for-profit institution with previous experience with EIB financing. Although a majority of its activities is focused on SME and Mid-Caps segment, it traditionally supports infrastructure projects of municipalities and other public entities.
The proposed operation, structured as multi-sector financing, is to support the implementation of Borrower's medium-term business strategy (2021-2023) in the area of urban development support.
Climate Action objective is targeted at 30%. Given that the underlying sub-schemes are to be located mainly in the convergence areas within the country, the EIB Cohesion Priority regions objective is estimated at 90%.
Attractive conditions of EIB financing, such as longer maturities combined with longer availability periods and pricing will facilitate acceleration of implementation of public infrastructure investment programmes supporting revival of local economies suffering from current health and economic crises. At the same time, the Bank will address the sub-optimal public investment situation through schemes, which due to their size and/or the size of their promoters would not qualify for EIB's direct financial support. The EIB's quality stamp is expected to attract other financiers of the sub-projects.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
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).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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