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Reference: 20150896
Release date: 29 February 2016

Promoter – Financial Intermediary

PUBLIC ENTITY(IES), PRIVATE ENTITY(IES)

Location

Description

A framework loan in cooperation with WIBank to support Hessen's four-year investment programme 2016 - 2019 in municipal infrastructure, schools, social housing, hospitals and broadband infrastructure.

Objectives

The project will contribute to improving quality of life for the inhabitants in the region by investments in public infrastructure.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 350 million

Total cost (Approximate amount)

EUR 745 million

Environmental aspects

Germany, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives 2011/92/EU and 2001/42/EC. The promoter will be responsible for properly applying the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings- recast (2010/31/EU), if relevant to the project, will be further examined.

Procurement

The promoter (usually public entities) has to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/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 - 13/12/2016

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).

Related tags

Germany Urban development