EBRD InvestEU Framework for Sustainable Transition (EBRD-54197)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bulgaria
  • Croatia
  • Czech Republic
  • Estonia
  • Greece
  • Hungary
  • Latvia
  • Lithuania
  • Poland
  • Romania
  • Slovakia
  • Slovenia
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 17, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
The borrowers under the Framework will be primarily private companies (domestic or foreign).
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Energy
  • Industry and Trade
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 409.67 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 375
Converted using 2023-04-17 exchange rate.
Loan Amount (USD)
$ 409.67 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 375
Converted using 2023-04-17 exchange rate.
Project Cost (USD)
$ 409.67 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 375
Converted using 2023-04-17 exchange rate.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS Nov 25, 2023

Disclosed by Bank Dec 14, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, a EUR 375 million framework consisting of EBRD loans supported by InvestEU first loss guarantees to be extended to primarily private companies for investments in low-carbon transition, green energy, transport and buildings, resource efficiency, circular economy and other sustainability areas.

The Framework will support Green Economy Transition investments in a broad range of corporate and infrastructure sectors (non-FI sectors) in the EBRD Countries of Operations - EU Member States (Bulgaria, Croatia, the Czech Republic, Greece, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Romania). The InvestEU first loss guarantee will encourage delivery of innovative investments, addressing market failures and sub-optimal investment situations.

Minimum and maximum principal amount of a sub-project is set at EUR 1 million and EUR 50 million (or the equivalent in another currency of EBRD Countries of Operations - EU Member States).

Concessional Finance:

Under this Framework EBRD will deploy up to EUR 80 million of InvestEU guarantees which, subject to need and commercial requirements of sub-projects, will be provided as 20% or 25% first loss cover for EBRD debt. As the limit for covered financing in any sub-project is EUR 50 million, any single sub-project will not benefit from more than EUR 12.5 million of InvestEU guarantee.

Donor Funded TC:

Subject to need and requirements, sub-projects may be supported with TC from available resources of up to EUR 60.2 million provided for Technical Assistance (TA) to support the roll-out of the guarantee and/or contribute to the InvestEU policy objectives. TC is provided to a large extent for project preparation and implementation and to a limited extent for market development and capacity building. In addition, up to EUR 13.2 million are provided for TA to support specifically the Bank's response to the war on Ukraine. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Up to EUR 375 million EBRD loans supported by up to EUR 80 million InvestEU guarantees for investments in a broad range of corporate and infrastructure sectors.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available on the disclosure page.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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

How it works

How it works