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European Investment Bank: Funding Opportunities and Project Financing

Learn about the European Investment Bank, its financing structure, benefits of EIB loans, financial products available, project requirements, and security measures. Discover how EIB financing is extended and the eligibility criteria for borrowers. Explore successful projects funded in Turkey and find tailor-made finance options for your next endeavor.

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European Investment Bank: Funding Opportunities and Project Financing

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  1. Dr Hakan Lucius Head of the Infrastructure Section Deputy Head of Division for Turkey Ankara – 22 May 2008

  2. STRUCTURE OF THE PRESENTATION • 1 - What is the European Investment Bank ? • 2 - How is EIB financing extended ?

  3. 1 - What is the European Investment Bank ?

  4. EUROPEAN INVESTMENT BANK European Union’s Long-Term Financing Institution: • AAA rated, not-for-Profit Institution; • Set-up in 1958 by the Treaty of Rome; • Promoting European Objectives; • EIB Shareholders: Member States of the EU;

  5. THE EIB - CAPITAL(IN PERCENT) • EU‘s Financial Institution - 27 Shareholders

  6. Borrowings, Lending and Capital • European Union: EUR 41.0bn • Non-EU countries: EUR 6.8bn • Total lending: EUR 47.8bn • Borrowings: EUR 55 bn • Subscribed capital: EUR 164.8bn • (at 01/01/2007)

  7. SIGNATURES IN TURKEY (EUR millions)

  8. 2 – How is EIB financing extended?

  9. WHO CAN BORROW ? Government authorities/agencies Banks Municipalities Private companies Private and public equally served

  10. BENEFITS OF AN EIB LOAN • Low cost of "AAA" rated funding benefit passed on to clients, • with long maturities; • in all major currencies; • for large amounts;

  11. FINANCIAL PRODUCTS - Classical fixed-rate loan - Variable-rate loan with pre-set spread - Index-linked loan, typically linked to inflation - Structures: equal capital instalments, constant annuities, bullet, and customised instalments - Pre-payment possibility Flexible Products Matching Project Requirements

  12. FINANCING OPTIONS EIB PARTICIPATION IS LIMITED TO 50% OF A PROJECT’S COST • Large-scale projects (> EUR 50 million) • Direct financing • Small and medium-scale projects (< EUR 50 million) • Mid-Cap Loans and Global loans with Partner Banks Tailor-made finance to fit project and promoter

  13. PROJECT REQUIREMENTS • Projects should: • be technically sound; • be economically and financially viable; • comply with environmental regulations; • have adequate security. A project assessment with many facets

  14. SECURITY REQUIREMENTS • Guarantee of International Bank or Company • State Guarantee • Financial Collateral (e.g. Government Bonds) • At EIB Own Risk, i.e. without a guarantee

  15. MUNICIPAL PROJECTS FUNDED in TURKEY(since 1995)

  16. Supported Projects Eskişehir Urban Development Project

  17. Supported Projects Bursa Wastewater Treatment Plant West

  18. Supported Projects Bosphorus Tunnel Crossing - Marmaray

  19. EIB Address : 100, Boulevard Konrad Adenauer, L-2950 Luxembourg www.eib.org

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