Release date: 13 April 2018
Promoter – Financial Intermediary
LAND BRANDENBURGLocation
Description
The proposed Framework Loan will be the third social housing operation in the region of Brandenburg with the counterpart Investitionsbank des Landes Brandenburg (ILB). The operation concerns the financing of the ILB's social housing programmes. The investments will include renovation and construction of social housing units throughout local authorities, social housing associations, municipal housing associations and housing cooperatives in Brandenburg.
Objectives
The proposed operation is expected to comprise comprehensive retrofitting and the adaption of existing social housing units as well as some possible construction or reconstruction of rented social housing. The investments will need to satisfy the EIB's eligibility criteria for urban renewal and sustainable communities. The housing investments are anticipated to form part of specific local integrated urban development plans (Integrierte Stadtentwicklungskonzepte - INSEKs).
Comments
under appraisal
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 275 million
Total cost (Approximate amount)
EUR 590 million
Environmental aspects
Compliance with the relevant EU directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the housing investments will be reviewed during the project's appraisal. Applicable energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during the 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 (Directives 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 European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.
Status
Signed - 22/11/2018
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).