1 Apr 2020
EUR 88.52 million
Infrastructure, transportation and telecom
|Date of agreement:||4 Sep 2008|
|Customer:||Government through Ministry of Finance|
|Amount in USD:||USD 50 million|
|Amount in EUR:||EUR 34.5 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
NIB's 3rd Rural Area Loan Programme of USD 50 million will finance projects of mutual interest in various sectors in rural areas in China. Future projects with a significant Nordic/Baltic component financed under the programme will be aimed at balancing of the wealth (improvement of the conditions of the rural areas), technological development and environmental improvement.
The individual subprojects environmental impacts are limited and manageable on the basis of the small to medium scale of expected subprojects and the sectors the clients operates in. In the sectors proposed Nordic/Baltic technology represents state-of-the-art in reliability, efficiency and low environmental impacts.