Meridiam Infrastructure Europe III

Location:

Regional

Project number:

48090

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

08 Jun 2016

Status:

Signed

PSD disclosed:

18 Apr 2016

Project Description

EBRD is considering an equity investment of EUR 100 million in Meridiam Infrastructure Europe III (the "Fund"), a follow-on fund to Meridiam Infrastructure Europe II in which the Bank is an investor.

The Fund is expected to raise EUR 1.2 billion, of which a minimum of EUR 400 million is targeted at selected EBRD Countries of Operation ("CoOs").

Project Objectives

The Fund aims to make long term equity investments in infrastructure projects and will predominantly focus on greenfield projects that benefit, after completion, from long term and stable contractual cash flows (such as concessions and Public Private Partnerships ("PPP")) in the sectors of transportation, environmental and social infrastructure. The Fund will facilitate investment in infrastructure assets in EBRD's CoOs.

Transition Impact

The EBRD's proposed investment is expected to promote the more widespread use of private ownership of infrastructure projects in EBRD's CoOs. Furthermore, the Bank's investment is also expected to promote infrastructure equity as an asset class.

Client Information

MERIDIAM S.A.S.

EBRD Finance Summary

EUR 100,000,000.00

Total Project Cost

EUR 1,200,000,000.00

Environmental and Social Summary

Categorised FI (2014). The Fund Manager must comply with EBRD's Performance Requirements ("PRs") two, four and nine which includes implementing an Environmental and Social Management System ("ESMS") to mitigate any Environmental & Social ("E&S") risks in potential investments.

The Fund Manager must refer all Category A sub-projects at an early stage to the Bank and the Environmental & Social Department ("ESD") will provide recommendations on how to assess and mitigate potential E&S impacts, including how such sub-projects will meet PRs one to eight and 10.

The Fund must provide the Bank with an Annual E&S report on the implementation of the ESMS and the PRs.

Technical Cooperation

None.

Company Contact Information

Matthieu Muzumdar
m.muzumdar@meridiam.com

+33 1 7373 9877
+33 1 5334 9699

www.meridiam.com
4 place de l#Opéra, 75002 Paris, France
 

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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