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Infrastructure Fund of Funds – InfraFoF [17/9/2019]

The Infrastructure Fund of Funds (InfraFoF) aims to offer favorable financing terms in the private and public sector for the implementation of small and medium-sized projects, with emphasis on energy, environment and urban development.

Renewable energy, energy efficiency and urban development projects can be implemented by meeting existing needs in an integrated design, helping to boost employment, promote social cohesion and improve competitiveness and investment. In addition, for a specific period under the Provisional Framework until 30/6/2021, the possibility of providing working capital loans to companies in the relevant sectors is added in order to deal with the effects of the COVID 19 pandemic. The measure has been approved by the EU C (2020) 7334 / 19.10.20 (State Aid SA.58368 (2020 / N)).

The funds of InfraFoF are analysed as follows: 200 million euros derive from the European Structural and Investment Funds (GRNET) under EPAnEK, 200 million euros from the Greek State (Public Investment Program) and  50 million euros from recovered resources of the "JESSICA" initiative which operated in the Programming Period 2007-2013.

The Fund is managed by the European Investment Bank (EIB) and three Interim Financial Institutions were selected through a competitive bidding process, which will provide the investment loans, the National Bank NBG, Piraeus Bank and Alpha Bank-Eurobank Group.

Proposals can be submitted to the Interim Financial Institutions by any institution whose projects are considered eligible under the existing institutional framework. The planning of the new Fund may include the use of Public Private Partnerships (PPPs).

It is possible for the eligible projects to be part of any of the following Thematic Objectives:

- "Improving the competitiveness of small and medium enterprises"

- "Supporting the transition to a low carbon economy in all sectors"

- "Preservation and protection of the environment and promotion of efficiency / optimal use of resources"

Active Calls for proposals for project financing from the Infrastructure Fund.

National Bank of Greece

Piraeus Bank

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Infrastructure Fund of Funds – InfraFoF