Release date: 16 May 2017
Promoter – Financial Intermediary
City of Vienna – Wiener WohnenLocation
Description
Refurbishing of social housing throughout the entire urban area in Vienna, thus upgrading energy efficiency standards
Objectives
(i) Enhanced living standards and health conditions for tenants, (ii) urban renewal and regeneration of the concerned areas, (iii) better social inclusion of low-income tenants and (iv) reduction in energy consumption of the housing stock.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 364 million
Environmental aspects
Austria, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU directives (Directive 2011/92/EU and 2001/42/EC). However, given the nature, scale and location of the sub-projects – upgrading and rehabilitation of social housing and associated social and urban infrastructure in built-up urban areas – there is no need for an environmental impact assessment (EIA) as defined in the EIA Directive 85/337/EEC and subsequent revisions. Compliance with the EU Directive on the energy performance of buildings (recast) (2010/31/EU) will be further examined during appraisal.
Procurement
The Bank will require the promoter, as a public administration entity, 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 2004/18/EC and/or 2004/17/EC 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 Official Journal of the EU, as and where appropriate.
Status
Signed - 25/07/2018