ANNOUNCEMENT 23 Oct 2017

On 23 October 2017, the EIB provided financing worth EUR 50 million (USD 59 million).

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Oct 2017 | Removal date: open ended

Loan guarantee

The EIBs EUR 50 million (approx. USD 59 million) loan titled Nga Network Upgrade Programme signed on 23 October 2017 was backed by a guarantee from the European Fund for Strategic Investments (EFSI).

The EFSI is a joint initiative by the EIB and the European Commission to promote investment in Europe, acting as the main pillar of the Investment Plan for Europe. It provides first-loss guarantees enabling the EIB to invest in more and often riskier projects. The loan described above was issued under the EFSI and thus benefits from a full guarantee through the EU budget.

EFSI support does not fall under EU State Aid rules as it is meant as a tool to address 'market failures or sub-optimal investment situations'. However, the investment support does include favourable conditions in the form of public assumption of risk.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 23 Oct 2017 | Removal date: open ended

State loan

On 23 October 2017, the European Investment Bank (EIB) announced an agreement worth EUR 50 million (approx. USD 59 million) for the project Nga Network Upgrade Programme from Poland.

According to the project description issued by the EIB, The project relates to the modernisation of the existing access network with latest broadband technologies in Poland. After the project implementation the entire network (additional 2.3 m households enabled) will be ready for the provision of Ultra High speed broadband services (> 100 Mbps) including TV and voice services ..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

 
N/A
 
N/A