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Signature(s)

Amount
€ 175,494,000
Countries
Sector(s)
Belgium : € 175,494,000
Urban development : € 175,494,000
Signature date(s)
5/03/2004 : € 75,494,000
23/12/2003 : € 100,000,000
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Summary sheet

Release date
30 January 2004
Status
Reference
Signed | 23/12/2003
20020474
Project name
Promoter - financial intermediary
Flemish Housing Corporation
The Flemish Housing Corporation, a public entity under the supervision of the regional Minister of Housing and the regional Finance Minister.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to a maximum of EUR 200m.
EUR 470m.
Location
Sector(s)
Description
Objectives

Provision of new or replacement of social housing, refurbishing of older social dwellings and conversion of appropriate and otherwise redundant buildings to housing use, supported by associated investment in urban infrastructure and other environmental improvements, in selected urban localities.

The project is expected to contribute to the sustainability of affordable social housing in the region of Flanders.

Environmental aspects
Procurement

With reference to the EIA Directive 85/337 as amended by 97/11, it is unlikely that an EIA is required for any of the sub-projects due to their nature and location. Whilst there may be some minor environmental impact during construction/renovation work, the net environmental and social impact will be wholly positive. For example, alongside significant improvements in both the quality of shelter and the residential environment generally, improved dwellings will have better thermal insulation, which will substantially reduce energy consumption. Neighbourhoods will also benefit from environmental improvements such as traffic calming, improved street furniture and landscaping as part of urban renewal works.

Procurement is of two kinds, those under Services Directive 92/50/EEC and Public Works Directive 93/37/EEC for actual project works. For the selected sub-projects, the responsible social housing companies will appoint project managers, who will undertake appropriate public works procurement in each case. The procedures followed are acceptable to the Bank.

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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.

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 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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