Initial 鈧�600m provided by public finanical institutions with investors expected to contribute the rest by 2011
Europe鈥檚 public financial institutions have launched a 鈧�1.5bn (拢1.36bn) fund to help bring forward infrastructure investments that help towards climate change and energy security measures in the region.
The 鈥淢arguerite鈥� fund has initial capital of 鈧�600m (拢546m) from public institutions which have invited investors will contribute the rest of the capital by 2011.
It aims to act as a catalyst for infrastructure investments implementing key EU policies in the areas of climate change, energy security, and trans-European networks.
In a statement, the European Investment Bank (EIB) said: 鈥淭he Fund should serve as a model for the establishment of other similar funds in the EU wishing to combine a market-based principle of return to investors with the pursuit of public policy objectives.鈥�
The Marguerite fund will provide equity or quasi equity to companies which own or operate infrastructure in the sectors of transport and energy 鈥渢rans-European networks鈥�, as well as renewable energy.
An advisory team is currently being appointed and will take submissions for projects and offer advice early next year.
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