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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Spain : € 50,000,000
    Urban development : € 50,000,000
    Signature date(s)
    26/11/2008 : € 50,000,000

    Summary sheet

    Release date
    14 April 2008
    Status
    Reference
    Signed | 26/11/2008
    20080092
    Project name
    Promoter - financial intermediary
    Andalucia Vivienda II
    Junta de Andalucía
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Around EUR 50 million
    Over EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns investment schemes combining the improvement of the social housing regional stock with urban renewal works in 30 towns in Andalucía. The improvement measures will lead to good quality social housing and more sustainable urban communities for residents of deprived urban centres and other decaying areas.

    The project is likely to act as a significant catalyst for regeneration in the respective neighbourhoods, resulting in a number of positive social, economic and environmental externalities. Improvements to the built environment will be significant and wholly positive.

    Environmental aspects
    Procurement

    Compliance with EU environmental directives and national laws shall be ensured. Given the scale and nature of the components of the programme (rehabilitation of urban centres and residential buildings within historic areas and barriadas - peripheral neighbourhoods), it is unlikely that an EIA would be required.

    Compliance with the EU procurement directives and national laws shall be ensured

    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.

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    Complaints mechanism

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    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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