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FLOOD RELIEF AUSTRIA

Signature(s)

Amount
€ 170,000,000
Countries
Sector(s)
Austria : € 170,000,000
Credit lines : € 170,000,000
Signature date(s)
9/12/2002 : € 10,000,000
9/12/2002 : € 10,000,000
8/11/2002 : € 20,000,000
8/11/2002 : € 30,000,000
5/11/2002 : € 50,000,000
8/11/2002 : € 50,000,000
Link to source
Data sheet
FLOOD RELIEF AUSTRIA
Other links
Summary sheet
Central European Flood Relief Program - Emergency Framework Loan

Summary sheet

Release date
21 October 2002
Status
Reference
Signed | 22/10/2002
20020438
Project name
Promoter - financial intermediary
Central European Flood Relief Program - Emergency Framework Loan
Public and private sector entities affected by the floods.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 1 billion
Provisional estimates of extent of damages presented to the Bank amount to some EUR 25bn.
Location
Sector(s)
Description
Objectives

Rehabilitation of public and private damaged infrastructure and support to SMEs affected by August 2002 floods.

The Emergency Framework Loan will support urgent actions to allow normal economic and social activity to resume in the affected regions. The schemes eligible for the Bank's loan will be part of an overall program to restore basic infrastructure, public services and re-launch productive economic activities. The Emergency Framework Loan will build on the Bank's recent experiences of rapidly responding to and monitoring reconstruction programs following comparable natural disasters.

Environmental aspects
Procurement

The projects are expected to be essentially reinstatement of existing infrastructure in accordance with EU EIA Directive 97/11 EC and national planning requirements including environment.

As a first reaction to the floods some authorities have accepted a general exemption from full tender procedures as provided for in the Directive 93/37 EEC and furthermore justified by the small size of the interventions.

Comments

Public, industrial, commercial and private infrastructure in the transport, environment and social sectors.

Link to source
Summary sheet
Central European Flood Relief Program - Emergency Framework Loan
Other links
Data sheet
FLOOD RELIEF AUSTRIA

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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