A Strategic Project promoter may call in the Board's financing subgroup to work through how to close the project's financing, across private sources, the EIB Group and other IFIs, national instruments and export credit agencies, and Union programmes including Global Gateway.
Promoters of Strategic Projects are given a right, and this is law in force.
Why it matters
This is law in force, not a proposal.
- It is Art. 16(1), in the Critical Raw Materials Act. as of 2026-08-18
- The act gives its timing as: From entry into force, 23 May 2024 (Art. 49(1)). as of 2026-08-18
- It names 3 industries by name: Waste, Aluminium and Steel. as of 2026-08-18
- Compliance is checked by none, per project. as of 2026-08-18
The rule
a request by the promoter of a recognised Strategic Project
A Strategic Project promoter may call in the Board's financing subgroup to work through how to close the project's financing, across private sources, the EIB Group and other IFIs, national instruments and export credit agencies, and Union programmes including Global Gateway.
Who is affected
Burden drivers
Source text
The standing subgroup established pursuant to Article 36(8), point (a) shall, at the request of a project promoter of a Strategic Project, discuss and provide advice on how the financing of its project can be completed, taking into account the funding already secured and considering at least the following elements: (a) additional private sources of financing; (b) support through resources from the European Investment Bank Group or other international financial institutions including the European Bank for Reconstruction and Development; (c) existing Member State instruments and programmes, including from export credit agencies, national promotional banks and institutions; (d) relevant Union funding and financing programmes, with a particular focus on the Global Gateway Initiative for Strategic Projects in third countries or in OCTs.
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