EUROPEAN INVESTMENT BANK Municipal Finance Goetz von Thadden

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EUROPEAN INVESTMENT BANK Municipal
FinanceGoetz von Thadden Head of Office
Romania
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The European Investment Bank (EIB)Long-term
Finance Promoting European Objectives

• Created by the Treaty of Rome in 1958
• Subscribed capital EUR 165bn by 27 EU Member
  States
• Operates in
• EU Member, Accession and Candidate States
• New Neighbourhood and Mediterranean Partner
  Countries
• African, Caribbean and Pacific States
• Asia and Latin America
• Lending in 2007 EUR 41.4 bn (EUR 35.0 bn within
  the EU-27)
• EU Policy-driven Bank, including
• EU Transport Policy, in particular
  Trans-European Networks
• Economic and Social Cohesion within the EU
• Environmental protection and improvement
• 15 years of activity in Romania with lending of
  EUR 5bn

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EIB Approach to Urban Regeneration
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EIB Products for Urban Projects
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Benefits of an EIB Loan

• Benefits of low cost of funding passed on to
  clients
• Large amounts
• Broad range of currencies
• Long maturities
• Attractive interest rates
• Catalytic effect on participation of other
  banking or financial partners

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Value Added

• Value-Added of the Banks lending activities
• Support for EU priority objectives
• Project quality and soundness
• Financial benefits of EIB funds
• Technical assistance
• Project assessment

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Innovative Facilities

• Initiatives with the European Commission
• RSFF Risk-Sharing Finance Facility for
  higher-risk promoters
• JASPERS Joint Assistance to Support
  Projects in European Regions to prepare projects
  supported by EU Structural and Cohesion Funds
• JEREMIE Joint European Resources for
  Micro-to-Medium Enterprises in the regions to
  encourage more business start-ups and new
  ventures. Managed by the EIF
• JESSICA Joint European Support for
  Sustainable Investment in City Areas for
  investment in sustainable urban development

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Selected Projects

• EUR 500m EU Cohesion Fund Co-Financing (under
  appraisal)
• EUR 25m Cluj/Salaj Cassa Water Project (under
  appraisal)
• EUR 20m Oradea Urban Transport (approved)
• EUR 250m Motorway Cernovoda-Constanta (signed)
• EUR 370m Bucharest Metro Line 5 (approved)
• EUR 40m Sibiu Airport (approved)
• EUR 30m BRD SME Financing (signed)

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For more information

• http//www.eib.org/
• thadden_at_eib.org
• Tel [phone]
• Fax [phone]