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Signature(s)

Amount
€ 105,000,000
Countries
Sector(s)
Austria : € 105,000,000
Urban development : € 105,000,000
Signature date(s)
16/02/2007 : € 105,000,000
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Summary sheet

Release date
28 September 2006
Status
Reference
Signed | 16/02/2007
20040715
Project name
Promoter - financial intermediary
Wiener Wohnen Stadtviertelverbesserung
Stadt Wien – Wiener Wohnen
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 25% of project cost.
EUR 420 million.
Location
Sector(s)
Description
Objectives

The City of Vienna has adopted a 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 selected are expected to make a sizeable contribution to the implementation of broader urban regeneration strategies designed to bring about significant social, economic and environmental improvements.

Environmental aspects
Procurement

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. The promoter follows established procedures, as verified during the initial phase of the project (to be confirmed during appraisal).

Comments

Urban renewal.

Link to source

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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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.

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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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