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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

        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.

        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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