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13. How can National Promotional Banks contribute (money/staff)?
National Promotional Banks (NPBs) are welcome to contribute at the level of the Fund, in a
co-investment platform or at project level. It will be important for the success of the Plan to
ensure close coordination between the EIB and National Promotional Banks as the latter
also have valuable expertise on the ground.
Projects to be financed by the EFSI
14. What type of projects will the EFSI support?
Contacts with the private sector have shown that investors put particular emphasis on the
robust quality and independent selection of projects that could be supported by the
Investment Plan. Projects should be (1) economically viable with the support of the
initiative, (2) sufficiently mature to be appraised on a global or local basis, (3) of European
added value and consistent with EU policy priorities (such as, for example, the 2030
climate and energy package, Europe 2020 Strategy and other long-term EU strategic
priorities). Moreover, projects should not be limited to cross-border projects (such as the
case with TEN-T and TEN-E projects).
The proposal states that the EFSI should target "projects with a higher risk-return profile
than existing EIB and Union instruments to ensure additionality over existing operations. (…)
The EFSI should only be used where financing is not available from other sources on
reasonable terms".
The Steering Board will prepare the investment guidelines which determine the types of
projects the EFSI will support. EFSI financing will be approved by the Investment Committee.
Investment operations shall be in line with Union policies and support general objectives
such as
- development of infrastructure, including in the areas of transport, particularly in
industrial centres; energy, in particular energy interconnections; and digital
infrastructure;
- investment in education, health, research and development, information and
communications technology and innovation;
- expansion of renewable energy and energy efficiency;
- infrastructure projects in the environmental, natural resources, urban development
and social fields;
- providing financial support for the companies having up to 3000 employees, including
working capital risk financing.
15. What criteria will be used to select projects? Which projects will be
financed?
The assessment will be based on strict quality criteria and there will be no country-specific or
sector-specific quotas. The criteria for assessment will be specified in the Fund's investment
policy, which will be proposed by the Steering Board of the EFSI.
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National Promotional Banks (NPBs) are welcome to contribute at the level of the Fund, in a
co-investment platform or at project level. It will be important for the success of the Plan to
ensure close coordination between the EIB and National Promotional Banks as the latter
also have valuable expertise on the ground.
Projects to be financed by the EFSI
14. What type of projects will the EFSI support?
Contacts with the private sector have shown that investors put particular emphasis on the
robust quality and independent selection of projects that could be supported by the
Investment Plan. Projects should be (1) economically viable with the support of the
initiative, (2) sufficiently mature to be appraised on a global or local basis, (3) of European
added value and consistent with EU policy priorities (such as, for example, the 2030
climate and energy package, Europe 2020 Strategy and other long-term EU strategic
priorities). Moreover, projects should not be limited to cross-border projects (such as the
case with TEN-T and TEN-E projects).
The proposal states that the EFSI should target "projects with a higher risk-return profile
than existing EIB and Union instruments to ensure additionality over existing operations. (…)
The EFSI should only be used where financing is not available from other sources on
reasonable terms".
The Steering Board will prepare the investment guidelines which determine the types of
projects the EFSI will support. EFSI financing will be approved by the Investment Committee.
Investment operations shall be in line with Union policies and support general objectives
such as
- development of infrastructure, including in the areas of transport, particularly in
industrial centres; energy, in particular energy interconnections; and digital
infrastructure;
- investment in education, health, research and development, information and
communications technology and innovation;
- expansion of renewable energy and energy efficiency;
- infrastructure projects in the environmental, natural resources, urban development
and social fields;
- providing financial support for the companies having up to 3000 employees, including
working capital risk financing.
15. What criteria will be used to select projects? Which projects will be
financed?
The assessment will be based on strict quality criteria and there will be no country-specific or
sector-specific quotas. The criteria for assessment will be specified in the Fund's investment
policy, which will be proposed by the Steering Board of the EFSI.
10
