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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Austria : € 100,000,000
Urban development : € 100,000,000
Signature date(s)
15/05/2003 : € 25,000,000
1/09/2004 : € 25,000,000
9/01/2004 : € 50,000,000
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Summary sheet

Summary sheet

Release date
10 March 2003
Status
Reference
Signed | 15/05/2003
20020468
Project name
Promoter - financial intermediary
Stadterneuerung Wien
Vienna’s public housing vehicle established by Provincial law, Wiener Wohnen
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
About EUR 110 million.
About EUR 220 million.
Location
Sector(s)
Description
Objectives

The City of Vienna has adopted a strategic planning strategy with individual local plans lending detailed physical elaboration to policies covering public transport, road and rail networks, new commerce and quality affordable housing to address the problems of urban drift and decentralisation. The upgrading of decaying neighbourhoods and associated dwellings is therefore part of an integrated overall strategy of urban renewal.

The schemes, to be selected from eligible components of the promoter’s two-year rehabilitation programme, are expected to make a positive contribution towards social, economic and environmental conditions and reduce the impact of social segregation stemming from below-standard public housing. The project covers the second phase of a continuous investment programme within the context of comprehensive long-term rehabilitation.

Environmental aspects
Procurement

As the project consists principally in the upgrading of existing housing stock and public space, there is a priori no need to undertake an Environmental Impact Assessment (EIA) as defined under European Directive 97/11 Annex II. Along with significant improvements in basic sanitation, the dwellings will benefit from improved thermal insulation, to substantially reduce energy consumption. Local neighbourhoods will also benefit from environmental improvements, such as traffic calming measures and landscaping, as part of urban renewal works.

For those projects put in hand, procurement is of two kinds, those under Services Directive 92/50/EEC and Public Works Directive 93/37/EEC for project works. WW follows established procedures, as verified during the initial phase of the project.

Link to source
Summary sheet
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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).

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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.
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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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