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HAFENCITY HAMBURG

Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Germany : € 75,000,000
Urban development : € 75,000,000
Signature date(s)
2/12/2003 : € 10,000,000
13/12/2002 : € 15,000,000
18/01/2006 : € 50,000,000
Link to source
Data sheet
HAFENCITY HAMBURG
Other links
Summary sheet
HafenCity

Summary sheet

Release date
13 November 2001
Status
Reference
Signed | 13/12/2002
20010306
Project name
Promoter - financial intermediary
HafenCity
The Freie Hansestadt Hamburg, represented by Gesellschaft für Hafen- und Standortentwicklung m.b.H.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
up to EUR 300 million
EUR 1.2 billion. (for the first phase)
Location
Sector(s)
Description
Objectives

Approx. 100 ha of former harbour area (155 ha including water surfaces) will be regenerated south of Hamburg's city centre. Over a period of up to 25 years the city centre will be extended by approx. 40% with a new district offering a metropolitan mix of housing, culture, leisure, tourism, trade and commerce. The project offers the unique opportunity to participate in the development of the extension of the city centre in a distinctive, maritime milieu and to build housing as well as offices on the former harbour quaysides of Sandtor-, Grasbrook and Baakenhafen. The EIB project concerns infrastructure investments of the first phase only in the HafenCity.

The project is targeting a continuous and long-term increase in value providing stabilizing effects for the urban economy and community.

Environmental aspects
Procurement

EU Directives are fully embedded into Federal German Law and the relevant requirements of 97/11/EC Annexes II and III are being followed. There are no issues concerning protected flora and fauna. 

Procurement procedures applied in the programme are in compliance with EEC Council Directives and national legislation, applicable to public authorities procurement.

Link to source
Summary sheet
HafenCity
Other links
Data sheet
HAFENCITY HAMBURG

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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