8 Jul 2019
EUR 28.29 million
Infrastructure, transportation and telecom
|Date of agreement:||22 Mar 2011|
|Customer:||Infrastructure Development Finance Company Ltd|
|Amount in EUR:||EUR 24.6 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided for onlending to infrastructure projects that comply with NIB's mandate to enhance the environment and to strengthen the member countries' competitiveness.
Established in 1997, the IDFC is a listed specialised financial intermediary channelling private investments into infrastructure sectors, including energy, transport, telecommunications and information technology as well as commercial and industrial infrastructure. The IDFC's main shareholder is the government of India with a stake of 17.9% as of the date of the loan agreement.
With the IDFC's unique position in infrastructure financing in India, the company is expected to be an efficient intermediary for NIB. The projects to be financed under the loan programme are in infrastructure sectors, in which NIB's member country companies have a high level of competence and would be able to enhance their competitiveness by supplying Indian counterparts with advanced technology.
The loan programme to the IDFC will be entirely allocated to projects in the telecommunications sector with low potential for negative environmental impact.