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    Signature(s)

    Amount
    € 300,000,000
    Countries
    Sector(s)
    Germany : € 300,000,000
    Urban development : € 300,000,000
    Signature date(s)
    31/01/2014 : € 40,000,000
    31/01/2014 : € 60,000,000
    15/11/2010 : € 80,000,000
    15/11/2010 : € 120,000,000

    Summary sheet

    Release date
    18 January 2010
    Status
    Reference
    Signed | 15/11/2010
    20080606
    Project name
    Promoter - financial intermediary
    Soziale Stadterneuerung Hamburg

    A social Housing company in Hamburg

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 300 million
    Up to 650 million
    Location
    Sector(s)
    Description
    Objectives

    The schemes concern the demolition, modernisation and rehabilitation and, to a minor extent, the replacement or additional construction of social and affordable housing and associated facilities in selected localities over several years throughout Hamburg.

    Bringing units up to decent housing quality standards in terms of contemporary sanitary installations and energy efficiency to promote a more balanced and sustainable community development.

    Environmental aspects
    Procurement

    Given the scale and nature of the sub-projects – demolition, rehabilitation, modernisisation and, to a minor extent, replacement and additional construction of housing and associated facilities – there will be no need for an EIA as defined under the EIA Directive 85/337 and subsequent revisions in most cases. The question of the project falling within a plan or a programme requiring a Strategic Environmental Assessment (SEA) in line with the EU Directive 2001/42/EC will be further examined during appraisal.

    Given that the promoter operates in a fully developed sector and does not have a monopoly position in the market, EU procurement Directives are not applicable. The details for the awarding of the contracts will be verified during appraisal.

    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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