Release date: 5 February 2016
Promoter – Financial Intermediary
M&G ALTERNATIVES INVESTMENT MANAGEMENT LTDLocation
Description
Pan-European greenfield infrastructure fund
Objectives
The fund aims to build a diversified portfolio of approx. 10-12 assets, both across geographical regions and sectors.
Sector(s)
Proposed EIB finance (Approximate amount)
Not disclosed.
Total cost (Approximate amount)
EUR 1306 million (GBP 1000 million)
Environmental aspects
Most of the fund's underlying infrastructure investments will require either 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 is intended to require the fund to ensure that its underlying investments respect the relevant EU directives and the environmental and social standards of the Bank.
Procurement
The Bank will require the fund to seek to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with any relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC 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.
Status
Signed - 22/12/2016
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).