MENA Infrastructure Fund II (EBRD-47669)

Regions
  • Middle East and North Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 17, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 2, 2018

Disclosed by Bank Feb 17, 2016


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Project Description
PROJECT DESCRIPTION The EBRD is considering making an equity commitment of up to USD 50 million to MENA Infrastructure Fund II LP (the "Fund"). The Fund is targeting USD 500 million of capital commitments. PROJECT OBJECTIVES The Fund will make equity and equity-related investments in both greenfield and brownfield infrastructure across the Middle East, North Africa and Turkey. TRANSITION IMPACT The EBRD's proposed investment is expected to promote the more widespread private ownership of infrastructure projects in North Africa and Turkey. Furthermore, the Bank's investment is also expected to promote infrastructure equity as an asset class in the aforementioned region.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information
Jeronimo Roura jeronimo.roura@menainfrastructure.com http://www.menainfrastructure.com/ MENA Infrastructure Level 3, Building 4 (West) Dubai International Financial Centre (DIFC) ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.