3SIIF fund has €1 billion($1.9 billion) to spend, including on digital infrastructure

Jul 10, 2021 | Posted by AbdulRahmanOladimeji

The Three Seas Initiative Investment Fund (3SIIF), an investment fund backed by some state-owned banks, has over €1 billion ($1.9 billion) to spend in the Eastern Europe region, digital infrastructure inclusive. 3SIIF was established in 2019, and it focuses on investing in critical infrastructure in both Central and Eastern Europe. The fund has investments in railways, digital infrastructure, and renewable energy.

Some of the major funders of 3SIIF include the Estonian Ministry of Finance, Poland’s state development bank BGK, Slovakia’s SID Banka, and Romania’s export-import bank EximBank. Also, Amber Infrastructure Group is the exclusive Investment Adviser to the fund with a target to raise between €3-5 billion ($3.5-5.9 billion) to invest across the Central and Eastern Europe region.

President of BGK Bank, Beata Daszyńska-Muzyczka, said the fund’s adviser is currently analyzing 180 projects that can be invested in. She further added that 3SIIF is proof that regional cooperation is possible. Aside from that, she also noted that the fund’s investments could help spur trade, tourism, and business development. 3SIIF has investments in Enery- an Austrian energy company, Cargounit- a Polish locomotive leasing Company, and Estonia’s Greenergy Data Centers.

Greenergy Data Center, Estonia

{{ commentCount }} Comments