MENA Infrastructure Fund II

cancelled

The EBRD is considering making an equity commitment of up to USD 50 million to MENA Infrastructure Fund II LP (the "Fund"). The Fund is targeting USD 500 million of capital commitments. The Fund will make equity and equity-related investments in both greenfield and brownfield infrastructure across the Middle East, North Africa and Turkey. The EBRD's proposed investment is expected to promote the more widespread private ownership of infrastructure projects in North Africa and Turkey. Furthermore, the Bank's investment is also expected to promote infrastructure equity as an asset class in the aforementioned region. MENA INFRASTRUCTURE USD 50,000,000.00 USD 500,000,000.00 Categorised FI. The Fund Manager will be required to comply with EBRD's PRs 2, 4 and 9 which includes implementing an Environmental and Social Management System (ESMS) to mitigate any E&S risks of potential investments. The Fund Manager will be required to refer all Category A subprojects to the Bank and ESD will provide recommendations on how to assess and mitigate potential E&S impacts, including if such sub-projects will be required to meet PRs 1 to 8 and 10. The Fund will also provide the Bank with an Annual Environmental and Social report on the implementation of the ESMS and the PRs. None. Jeronimo Roura jeronimo.roura@menainfrastructure.com http://www.menainfrastructure.com/ MENA Infrastructure Level 3, Building 4 (West) Dubai International Financial Centre (DIFC)