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    Signature(s)

    Amount
    € 39,750,000
    Countries
    Sector(s)
    Spain : € 39,750,000
    Services : € 39,750,000
    Signature date(s)
    3/07/2017 : € 39,750,000
    Link to source

    Summary sheet

    Release date
    29 November 2016
    Status
    Reference
    Signed | 06/07/2017
    20160441
    Project name
    Promoter - financial intermediary
    NAVARRA SOCIAL HOUSING
    NAVARRA DE SUELO Y VIVIENDA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million
    EUR 80 million
    Location
    Sector(s)
    Description
    Objectives

    EIB loan to finance the construction of energy-efficient social housing units in Navarra, Spain

    The project will finance the construction of new social housing units with high energy-efficiency standards in the region of Navarra. As well as providing affordable housing, the buildings will meet requirements set for nearly zero-energy Buildings (NZEB), thereby reducing energy consumption and lowering CO2 emissions.

    Environmental aspects
    Procurement

    Through the project several new social housing nearly zero-energy buildings, as per the requirements of the EU Directive on the energy performance of buildings 2010/31/EU (EPBD), will be constructed in existing built environments. After completion energy consumption and pollutant emissions will be reduced compared to the business-as-usual scenario (in compliance with the current regulation).

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - NAVARRA NZEB SOCIAL HOUSING
    Publication Date
    24 Mar 2017
    Document language
    Main Topic
    Lending
    Document Number
    69861158
    Document Focus
    Environmental Information
    Project Number
    20160441
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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