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JESSICA Holding Fund Andalucía: call for expression of interest

JESSICA Holding Fund Andalucía: call for expression of interest

  •  Date: 15 April 2010 - 06 May 2010
  •  Reference: IR-899
In the context of the Joint European Support for Sustainable Investment in City Areas initiative ("JESSICA"), the Junta de Andalucía and the European Investment Bank signed a funding agreement on 8 May 2009. The latter establishes the JESSICA Holding Fund Andalucía in the books of the European Investment Bank for the purpose of investing funds in repayable investments, in public-private partnerships or other urban projects in co-operation with the banking sector in Andalucía.

In accordance with the funding agreement, the Junta de Andalucía contributed to the JESSICA Holding Fund for a total amount of EUR 85 714 286, co-funded by the European Regional Development Fund up to a rate of 70%. These funds are divided into 2 separate lots.

The European Investment Bank, acting as JESSICA Holding Fund, launches this call for expression of interest to select urban development funds, which shall disburse funds through financial engineering instruments in the form of repayable investments, in public-private partnerships or other urban projects.

The selection procedure shall be organized in two/three stages:

Stage 1: Expressions of interest which are not excluded in accordance with the exclusion criteria will be assessed on the basis of the selection criteria.

Stage 2: All applicants that meet the selection criteria will be invited to submit their offers. The offers will be evaluated on the basis of the award criteria.

Stage 3: The applicants that have submitted the most favourable offers may be invited to a negotiated process in order to do the final selection. For the sake of clarity this stage is not compulsory.

Urban development funds may express their interest, by 6 May 2010 at the latest, in accordance with the terms of the call for expression of interest.


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