KLC Consulting selected by European Investment Bank as Independent Expert Copy

JESSICA (Joint European Support for Sustainable Investment in City Areas) is an initiative of the European Commission, supported by the European Investment Bank (the EIB) and the Council of Europe Development Bank. The initiative is designed to help Member States in using financial engineering mechanisms to support investments in sustainable urban development in the context of EU Cohesion Policy for the programming period 2007-2013. The initiative uses ERDF and national funds to invest in projects on a repayable basis by way of debt and equity. It therefore represents a more financially sustainable mechanism for investing public resources to achieve economic development objectives.

KLC Consulting sLTD as Service Provider has been integrated in a list of independent experts following a Call for tenders (2012/S 213-351106 ) by the EIB as Holding Fund manager. It provides its services based on a concrete offer submitted to the specific UDFs. The result of the investments assessment is the State Aid Certification Report.