📋 Tender Overview
Reference: 20240811
Release date: 29 January 2025
Promoter – Financial Intermediary
BANCO SANTANDER TOTTA SA
Location
Portugal
Description
The loan will support eligible projects carried out by small and medium-sized enterprises (SMEs) and mid-caps in Portugal.
Objectives
The aim is to support investment projects carried out by the final beneficiaries in the agricultural sector. Part of the loan will also be dedicated to young and newly installed farmers. Sub-projects are expected to cover a broad range of activities, such as, but not limited to: sustainable and regenerative agriculture; working capital for climate resilience and adaptation crops varieties; infrastructure improvements and water management system.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal
