Release date: 5 May 2015
Promoter – Financial Intermediary
MERIDIAMLocation
Description
The fund will finance infrastructure projects in the sectors of energy and power, transportation, environmental infrastructure, social infrastructure and telecommunications infrastructure in African countries.
Objectives
The fund will make 8-10 investments predominantly in greenfield projects, but may also invest in selected secondary projects at the operational stage. The fund will generally seek to acquire significant minority or majority stakes of the junior/equity capital in each project with strong corporate governance rights to be able to monitor and manage project risks.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The fund’s operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.
Procurement
The fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement.
Status
Signed - 18/09/2015
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).