Release date: 17 July 2002
Promoter – Financial Intermediary
Sächsische Aufbaubank www.sab.sachsen.de
Location
Description
The global loan will fund SAB's dedicated special programme in the fields of urban rehabilitation and development in the Free State of Saxony for the financing of investments in social housing undertaken by private households, partially for energy savings.
Objectives
SAB's dedicated programme is for urban renewal and development satisfying social housing criteria. This will not only enhance the quality of life of residents, but also contribute to the improvement of the urban environment, which is essential to reduce social marginalisation and dysfunction
Comments
Objective 1 and Environmental Protection.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 mio
Total cost (Approximate amount)
Approx. EUR 400m for the coming years.
Environmental aspects
Compliance with EU environmental directives and national laws shall be ensured.
Procurement
For the award of public contracts the EU tender directives are to be followed.
Status
Signed - 29/11/2002