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The Bank would support a number of small and medium sized projects over a period of 5 years (2001-2005) designed to maintain and increase flood protection levels for islands, coastal and hinterland areas.
The project's economic interest is directly linked to an improvement in the quality of life of the people residing in flood risk areas of Niedersachsen by lowering the probability of property damage and future economic disruption (tourism, agriculture, commerce) resulting from floods.
The project will have some impact on areas protected by the Flora Fauna Habitat Directive. The requirement for Environmental Impact Assessments (EIA) and the integration of environmental issues in the decision making procedure for individual projects will be carefully examined.
Procurement procedures applied by the promoter should be in compliance with European Council Directives applicable to public authorities and national legislation.