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STADTENTWICKLUNG SACHSEN

Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Germany : € 300,000,000
Urban development : € 300,000,000
Signature date(s)
21/11/2007 : € 125,000,000
21/11/2007 : € 175,000,000
Link to source
Data sheet
STADTENTWICKLUNG SACHSEN
Other links
Summary sheet
Stadtentwicklung Sachsen

Summary sheet

Release date
27 April 2007
Status
Reference
Signed | 21/11/2007
20070058
Project name
Promoter - financial intermediary
Stadtentwicklung Sachsen
Sächsische Aufbaubank - Förderbank
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 350 million.
EUR 970 million.
Location
Sector(s)
Description
Objectives

The project concerns the co-financing of promotional programmes focusing on urban renewal and rehabilitation projects in Saxony / Eastern Germany.

It is foreseen that under this operation, EIB finances the respective shares that the state of Saxony contributes to the programmes.

The proposed operation would be interlinked with the planned JESSICA initiative (Joint European Support for Sustainable Investment in City Areas) that will be jointly promoted by EIB and SAB.

Environmental aspects
Procurement

European and national legislation will be applied, in accordance with standard requirements for EU supported grant schemes.

The Bank will require the Promoter to ensure that contracts for the implementation of the projects have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18, with parallel publication of tender notices in the EU Official Journal, as and where appropriate) (to be further examined during appraisal).

Link to source
Summary sheet
Stadtentwicklung Sachsen
Other links
Data sheet
STADTENTWICKLUNG SACHSEN

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 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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