Release date: 1 October 2013
Promoter – Financial Intermediary
Sächsische AufbaubankLocation
Description
The EIB loan will target Saxony's grant schemes dedicated to "Priority axis 3", enhancing the competitiveness of the manufacturing industry (small and medium-sized enterprises (SMEs) and Mid-Caps).
Objectives
The EIB loan will complement EU and national grant programmes carried out by Sächsische Aufbaubank (SAB) dedicated to private beneficiaries in the region.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 600 million
Total cost (Approximate amount)
EUR 3295 million
Environmental aspects
Some of the subprojects may fall under Annex II of Directive 2011/92/EU and thus might be subject to an environmental screening/assessment. Should any such subproject have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. All subprojects must be implemented in compliance with EU environmental legislation.
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 (Dir. 2004/17/EC or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Some of the project promoters (beneficiaries) will be private companies not operating in the Utilities sector, and are thus not covered by EU directives on procurement.
Status
Signed - 3/12/2013
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).