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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Germany : € 30,000,000
Water, sewerage : € 30,000,000
Signature date(s)
22/01/2004 : € 30,000,000
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Summary sheet

Release date
1 October 2003
Status
Reference
Signed | 22/01/2004
20030399
Project name
Promoter - financial intermediary
Hochwasserschutz Niedersachsen II
The Ministry of Environment of the State of Lower Saxony via responsible “Deichverbände”
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of project costs
Up to EUR 30 million
Location
Sector(s)
Description
Objectives

The project concerns the upgrading of flood protection facilities (e.g. dykes, dams, reservoirs etc) in municipalities along the river Elbe and its tributaries in the north eastern part of Niedersachsen, which were heavily affected during the summer floods in summer 2002. The project is part of an overall programme which runs from 2003 to 2006 and comes in addition to measures included in the previous project “Hochwasserschutz Niedersachsen”. About 90% of the planned measures are located in assisted areas (objective 2).

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, commerce) resulting from floods. A number of project schemes are located in Objective 2 or national assisted areas (to be verified).

Environmental aspects
Procurement

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 examined during appraisal.

Procurement procedures applied by the promoter should be in compliance with European Council Directives applicable to public authorities and national legislation.

Comments

Environmental protection

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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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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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