Release date: 19 March 2025
Promoter – Financial Intermediary
REPUBLICA PORTUGUESALocation
Description
The project will finance the construction and refurbishment of about 12.000 affordable housing units (mostly new construction) across Portugal.
Objectives
This operation is part of the Affordable Programme (PAA), a national public programme designed to finance affordable housing and establish a long-term housing stock at below-market rents. Through this programme, the Government aims to address the housing needs of families whose income levels do not permit them to access market-rate.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 1340 million
Total cost (Approximate amount)
EUR 1789 million
Environmental aspects
The promoter is deemed as having the adequate capacity to ensure that the project is implemented in line with the relevant EU Directives: Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, EU Habitats Directive 92/43/EEC, Birds Directive 2009/147/EC, and Water Framework Directive (WFD) 2000/60/EC. Furthermore, for new and refurbished buildings, the Promoter is also deemed capable of ensuring the project is implemented in line with EU Directive on Energy Performance of Buildings.
Procurement
The promoter shall ensure that contracts for implementation of the Project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU as well as Directive 89/665/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
Approved - 10/06/2025