European Investment Bank EUROPEAN INVESTMENT BANK Municipal Finance Goetz von Thadden – Head of Office Romania 12/11/2018 European Investment Bank

European Investment Bank The European Investment Bank (EIB) Long-term Finance Promoting European Objectives Created by the Treaty of Rome in 1958 Subscribed capital EUR 165bn by 27 EU Member States Operates in EU Member, Accession and Candidate States New Neighbourhood and Mediterranean Partner Countries African, Caribbean and Pacific States Asia and Latin America Lending in 2007: EUR 41.4 bn (EUR 35.0 bn within the EU-27) EU Policy-driven Bank, including EU Transport Policy, in particular Trans-European Networks Economic and Social Cohesion within the EU Environmental protection and improvement 15 years of activity in Romania with lending of EUR 5bn + 12/11/2018 European Investment Bank

EIB Approach to Urban Regeneration An integrative approach, covering: - urban renewal (and development): infrastructure & environmental social housing cultural heritage, etc. - urban transport; - related public services infrastructure (health, education, water & wastewater, utilities); - energy efficiency. 12/11/2018 European Investment Bank

EIB Products for Urban Projects Individual projects: major infrastructures, rail transport, cultural heritage… Programmes: Multi-sector municipal investment, social housing, public transport… Participation in investment funds (SFF) JESSICA JASPERS 12/11/2018 European Investment Bank

European Investment Bank Benefits of an EIB Loan Benefits of low cost of funding passed on to clients: Large amounts Broad range of currencies Long maturities Attractive interest rates Catalytic effect on participation of other banking or financial partners 12/11/2018 European Investment Bank

European Investment Bank Value Added Value-Added of the Bank’s lending activities: Support for EU priority objectives Project quality and soundness Financial benefits of EIB funds Technical assistance Project assessment Project assessment may include detailed impact assessment outside Europe 12/11/2018 European Investment Bank

Innovative Facilities Initiatives with the European Commission: RSFF – Risk-Sharing Finance Facility for higher-risk promoters JASPERS – Joint Assistance to Support Projects in European Regions to prepare projects supported by EU Structural and Cohesion Funds JEREMIE – Joint European Resources for Micro-to-Medium Enterprises in the regions to encourage more business start-ups and new ventures. Managed by the EIF JESSICA – Joint European Support for Sustainable Investment in City Areas for investment in sustainable urban development More information on most of these can be found by clicking on the links leading to the EIB website. 12/11/2018 European Investment Bank

European Investment Bank Selected Projects EUR 500m EU Cohesion Fund Co-Financing (under appraisal) EUR 25m Cluj/Salaj Cassa Water Project (under appraisal) EUR 20m Oradea Urban Transport (approved) EUR 250m Motorway Cernovoda-Constanta (signed) EUR 370m Bucharest Metro Line 5 (approved) EUR 40m Sibiu Airport (approved) EUR 30m BRD SME Financing (signed) TENs Risk Capital Facility: lent either directly to specific small-scale projects or via specialised venture capital companies which can inject equity into transport infrastructure. This is currently under discussion. 12/11/2018 European Investment Bank

European Investment Bank For more information… http://www.eib.org/ thadden@eib.org Tel: +40 21 208 6400 Fax: +40 21 317 9090 12/11/2018 European Investment Bank