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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Germany : € 100,000,000
Urban development : € 100,000,000
Signature date(s)
7/05/2002 : € 100,000,000
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Summary sheet

Release date
7 May 2002
Status
Reference
Signed | 07/05/2002
20020033
Project name
Promoter - financial intermediary
Soziale Stadterneuerung Berlin
Public and private housing companies/associations and private individuals
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250m (100% own resources)
EUR 700m
Location
Sector(s)
Description
Objectives

The project concerns the rehabilitation and modernisation of old (pre-1970) housing stock in the city of Berlin, including energy saving investments.

The project will contribute to improve the urban environment of Berlin, a city that still requires significant action in building rehabilitation to recover from an important maintenance backlog.

Environmental aspects
Procurement

Alongside significant improvements in sanitation, the dwellings – and the environment generally - will benefit from improved thermal insulation to walls and roofs and by replacing external doors and windows. New more energy efficient heating sources and boilers will help reduce the levels of CO2 pollution. These measures, taken together with improvements in services and sanitation, will increase the quality of life for residents with consequent improvements in their health and well-being.

As the European Directives are firmly embedded into German Federal Law, works carried out by public housing companies in value above the threshold of EUR 5m will normally be procured in line with EU Directive 93/37/EEC for the procurement of public works contracts. For those below the threshold, national procurement laws will apply.

Comments

Urban renewal.

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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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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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