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    Signature(s)

    Amount
    € 462,000,000
    Countries
    Sector(s)
    Czech Republic : € 462,000,000
    Services : € 92,400,000
    Industry : € 369,600,000
    Signature date(s)
    13/12/2007 : € 92,400,000
    13/12/2007 : € 369,600,000
    Link to source

    Summary sheet

    Release date
    28 March 2007
    Status
    Reference
    Signed | 13/12/2007
    20060484
    Project name
    Promoter - financial intermediary
    CTP Industrial and Business Parks
    CTP Invest Spol s.r.o.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 462 million.
    EUR 900 million.
    Description
    Objectives

    The project consists of developing industry, logistic and business parks in the Czech Republic, excluding Prague, and mainly in Brno, Ostrava and Plzen (and soon Pardubice). CTP will manage these properties as long-term leases to renowned customers active in the Czech market (industries and services).

    The project will result in improving the regional economic bases and productivity growth, as well as purchasing power, as incoming local and foreign investors will move in to the (mostly built-to-order) constructions.

    Environmental aspects
    Procurement

    Current environmental impact legislation in the Czech Republic is based on the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Competent Authority has decided that no formal EIA is required. Full environmental details will be assessed during the appraisal, including possible impacts on protected flora and fauna (Habitats' 92/43/EEC and Birds' 79/409/EEC Directives).

    EU Procurement Directives have been transposed into the national legislation and appropriate procedures will be applied for tendering of services, supplies and works.

    Comments

    Real Estate, Renting and Business Activities

    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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