The European Investment Bank The EU bank

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European Investment Bank Group

The EIB Group

Providing finance and expertise for sound and sustainable investment projects 24/04/2020 Leading developer of risk financing for innovative SMEs

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The EU bank

24/04/2020 • • • Natural financing partner for the EU institutions since 1958 More than 90% of lending is within the EU Shareholders: 28 EU Member States

Investing in Europe’s growth

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The EIB at a glance

• Largest multilateral lender and borrower in the world • • Raise our funds on the international capital markets Pass on favourable borrowing conditions to clients • Some 440 projects each year in over 160 countries • • Headquartered in Luxembourg and 28 local offices Around 2 100 staff : • Not only finance professionals, but also engineers, sector economists and socio-environmental experts • More than 50 years of experience in financing projects 24/04/2020

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Growth and jobs: four key priorities

We work to promote sustainable growth and job creation in Europe and beyond

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Our products

Loans

LENDING

But also: Guarantees (trade financing) Equity participation

We help catalyse investment

BLENDING

Combining EIB finance with EU budget (Project Bond Initiative)

ADVISING

Prepare & implement projects (JASPERS) Higher risk projects for innovation (RSFF) Support for public / private partnerships (EPEC) Attracting FUNDING for long-term growth 24/04/2020

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Recent Borrowing activity Bulgarian Railway

#2 Credit Agreement for a Structural Programme Loan Bulgaria EU Funds Co-financing 2007-13 (signed on December 2007) Co-financing Operational programme OP T OP T OP T Project name Svilengrad to Turkish Border

Project: Electrification and Reconstruction of Svilengrad - Turkish Border Railway Line

Plovdiv to Burgas

Renewal of railway sections (along Trans European transport network)

Septemvri to Plovdiv

Modernization of the Railway Section Septemvri - Plovdiv - Part of Trans-European Railway Network Estimated total investment cost (EUR) 36,560,000 254,164,209 134,910,000 Agreed EIB Credit Agreement (EUR) (2010) 5,959,027 (2013) 41,764,702 (2014) 53,000,000 24/04/2020

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EIB project cycle

We support sound and sustainable projects

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A responsible bank

Corporate responsibility is part of all of our activities

• • We strive to promote sustainable and inclusive growth We are committed to: • Integrating high environmental and social standards into our business activities •

Ensuring strong governance, transparency and accountability, for us and our counterparts

• Minimising our own environmental footprint 24/04/2020

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Septemvri to Plovdiv - Undertaking

Undertaking

A written promise offered as security for the performance of a particular Finance Contract

Septemvri-Plovdiv March 2014 Condition to the effectiveness of the allocation:

The Borrower shall ensure that NRIC enters into a technical assistance service agreement on terms to the satisfaction to the Bank for designing a complying methodology for setting the “Track Access Charges for the Bulgarian Railways”.

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Administrative Architecture

Memorandum of Understanding (ERDF funds period 2007-2014)

Government of Bulgaria and EIB January 2012

Project Implementation Support - Service Agreement

NRIC and EIB August 2014

Services Contract

Consortium and EIB (Quality Control) September 2014

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Thank you!

More information at: www.eib.org

[email protected]

Tel. : +352 4379-1

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