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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Belgium : € 200,000,000
Urban development : € 200,000,000
Signature date(s)
8/12/2009 : € 200,000,000
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Summary sheet

Release date
14 July 2009
Status
Reference
Signed | 08/12/2009
20090415
Project name
Promoter - financial intermediary
Flanders Urban Social Housing II

Vlaamse Maatschappij voor Sociaal Wonen (VMSW).

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approx. EUR 200 million.
Approx. EUR 400 million.
Location
Sector(s)
Description
Objectives

The project concerns a third loan with the counterpart Vlaamse Maatschappij voor Sociaal Wonen (VMSW), a centralised public funding vehicle, for the financing, in the years 2009 and 2010, of the multi-annual regional investment programme comprising the modernisation, rehabilitation and construction of social housing.

The project will comprise selected sub-projects of rental social housing to be implemented throughout the Flanders region which satisfy the EIB’s eligibility criteria on sustainable communities. The individual projects will be implemented by the local social housing associations (SHMs).

Not applicable.

Environmental aspects
Procurement

Given the scale, location and nature of most projects –modernising and rehabilitation of social housing and associated social and urban infrastructure in built-up urban areas – there is most likely no need for an EIA as defined under the EIA Directive 85/337/EEC and subsequent revisions. 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. Compliance with the EU Directive 2002/91/EC on the energy performance of buildings (EBPD) will also be examined during appraisal.

The final beneficiaries, the social housing associations, fall under public procurement. The Promoter will be required by the Bank to ensure that contracts for the implementation of the sub-projects have been/shall be tendered in accordance with the relevant applicable EU procurement legislation with publication of tender notices in the EU Official Journal, as and where appropriate.

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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.

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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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