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        IHRU REABILITACAO URBANA II

        Signature(s)

        Amount
        € 200,000,000
        Countries
        Sector(s)
        Portugal : € 200,000,000
        Urban development : € 200,000,000
        Signature date(s)
        30/10/2008 : € 50,000,000
        6/10/2009 : € 150,000,000

        Summary sheet

        Release date
        15 May 2008
        Status
        Reference
        Signed | 30/10/2008
        20080219
        Project name
        Promoter - financial intermediary
        IHRU Reabilitação Urbana II
        Instituto da Habitação e da Reabilitação Urbana

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 200 million
        Not applicable
        Location
        Sector(s)
        Description
        Objectives

        Framework loan

        The framework loan will support the financing of infrastructure and public space renewal and requalification, the rehabilitation of dilapidated social housing and the construction of new social housing to resettle people living in substandard accommodation, being undertaken by IHRU-sponsored initiatives in deprived neighbourhoods in Portugal.

        Environmental aspects
        Procurement

        Compliance with EU environmental directives and national laws shall be ensured. In principle, measures and programmes focusing on upgrading of existing housing stock will not require an EIA under EU Directive (85/337/EEC as amended 97/11/EC) but this will be further verified during appraisal. Should some components of the project involve construction in greenfield areas, the promoter will be required to produce an EIA.

        Compliance with EU procurement directives and national laws shall be ensured.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        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.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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