Release date: 15 September 2003
Promoter – Financial Intermediary
Investitionsbank des Landes Brandenburg (ILB), PotsdamLocation
Description
Global loan for the financing of small and medium sized projects carried out by public and private sector promoters contributing towards hereafter defined sectors.
Objectives
ILB is the developing bank of the State of Brandenburg and acts in support of the development of the region. The State of Brandenburg represents an “objective 1 area” and the present global loan aims at correcting regional disparities. Providing funds at reduced costs, the facility aims at furthering investments oriented at promoting economic growth and combating unemployment; furthermore the measures in infrastructure and housing renewal are expected to have also a positive impact on the socio-economic environmental climate and on the quality of life in the selected areas.
Comments
Urban and housing renewal, infrastructure, environment, energy, health and education.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of project costs, up to EUR 80 million (100% own resources)
Total cost (Approximate amount)
Up to EUR 160 million
Environmental aspects
Compliance with EU environmental directives and national laws shall be ensured.
Procurement
For the award of public contracts the EU tender directives are to be followed.
Status
Signed - 26/11/2003
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).