MENA Infrastructure Fund II

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 47669

Status Cancelled

Location

Regional

Business Sector

Equity Funds

Notice Type

Private

Project ID 47669

Status Cancelled

Location

Regional

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Disclosure date

17 Feb 2016

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The EBRD is considering making an equity commitment of up to USD 50 million to MENA Infrastructure Fund II LP (the "Fund"). The Fund is targeting USD 500 million of capital commitments.

Project Objectives

The Fund will make equity and equity-related investments in both greenfield and brownfield infrastructure across the Middle East, North Africa and Turkey.

Transition Impact

The EBRD's proposed investment is expected to promote the more widespread private ownership of infrastructure projects in North Africa and Turkey. Furthermore, the Bank's investment is also expected to promote infrastructure equity as an asset class in the aforementioned region.

Client Information

MENA INFRASTRUCTURE

EBRD Finance Summary

USD 50,000,000.00

Total Project Cost

USD 500,000,000.00

Environmental and Social Summary

Categorised FI. The Fund Manager will be required to comply with EBRD's PRs 2, 4 and 9 which includes implementing an Environmental and Social Management System (ESMS) to mitigate any E&S risks of potential investments. The Fund Manager will be required to refer all Category A subprojects to the Bank and ESD will provide recommendations on how to assess and mitigate potential E&S impacts, including if such sub-projects will be required to meet PRs 1 to 8 and 10. The Fund will also provide the Bank with an Annual Environmental and Social report on the implementation of the ESMS and the PRs.

Technical Cooperation

None.

Company Contact Information

Jeronimo Roura
jeronimo.roura@menainfrastructure.com
http://www.menainfrastructure.com/
MENA Infrastructure Level 3,
Building 4 (West) Dubai International Financial Centre (DIFC)

Transition impact

ETI Score:80

PSD last updated

21 Jan 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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