Press Release: As a major contribution to the Union for the Mediterranean: InfraMed Infrastructure Fund is launched with €385 million at First Close – The Fund volume is targeted at €1 billion

In Paris, on 26 May 2010, Caisse des Dépôts (CDC), Cassa Depositi e Prestiti (CDP), the European Investment Bank (EIB), Caisse de Dépôt et de Gestion (CDG) and EFG Hermes launched InfraMed Infrastructure, the first financing facility of the Union for the Mediterranean. The InfraMed Fund will be the largest fund dedicated to investments in infrastructure in the Southern and Eastern Mediterranean region. With initial commitments of €385 million, the new fund is targeting commitments of €1 billion.