Release date: 27 February 2019
Promoter – Financial Intermediary
MAISONS ET CITES SOCIETE ANONYME D'HLMLocation
Description
The project will finance the rehabilitation of 9597 housing units, consisting of : - 5272 housing units under the programme ERBM (Engagement pour le Renouveau du Bassin Minier), these housing units are spread over 28 mining cities. - 4325 housing units under a global rehabilitation programme spread over the entire housing stock of Maisons & Cités.
Objectives
The investment is expected to improve people's quality of life and living standards.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 153 million
Total cost (Approximate amount)
EUR 765 million
Environmental aspects
Compliance with the relevant EU Directives will be verified during appraisal: EU environmental impact assessment (EIA) Directive 2011/92/EU (amended by Directive 2014/52 / EU), EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directives on the Energy Performance of Buildings 2010/31/EU and 2018/844/EU will also be further assessed during project appraisal.
Procurement
The EIB will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 26/11/2019
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).