Release date: 27 February 2014
Promoter – Financial Intermediary
Stadt KoelnLocation
Description
The project will concern the rehabilitation of the cultural heritage buildings opera/theatre and urban renewal investments in the surrounding inner city neighbourhoods.
Objectives
The project aims at achieving two main objectives: (i) comprehensive rehabilitation and upgrading of the municipal opera and theatre complex which is a preserved cultural heritage building, and (ii) playing a catalytic role in regenerating some of Cologne’s oldest inner city neighbourhoods surrounding the opera/theatre complex.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 135 million
Total cost (Approximate amount)
EUR 270 million
Environmental aspects
Compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 79/409/EEC. The status of any environmental studies and public consultations related to the urban renewal, rehabilitation and reconstruction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC/ or Directive 2004/18/EC and Directive 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 19/12/2014
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).