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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Greece : € 50,000,000
    Urban development : € 50,000,000
    Signature date(s)
    25/01/2010 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    16 October 2008
    Status
    Reference
    Signed | 25/01/2010
    20080353
    Project name
    Promoter - financial intermediary
    Heraklion Municipal Infrastructure

    Municipality of Heraklion.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Under evaluation.
    Under evaluation.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the financing of a multiplicity of schemes in the context of the "Green Heraklion" Urban Development Programme, included in both the Business Plan and the investment Plan of the City of Heraklion for the period 2008-2010.  The investments would mainly be in the fields of public spaces, road safety measures, cultural heritage and buildings for municipal services.

    The projects aims to contribute to the city’s continuing sustainable social and economic development, upgrading the urban environment and developing the existing attractions such as urban landscape and cultural heritage buildings.

    Environmental aspects
    Procurement

    All the sub-projects will be required to be in line with EU environmental policy. In particular, compliance with the Environmental Impact Assessment (EIA) Directive 85/337/EEC (as amended) will be verified during appraisal.

    The promoter is a public entity, and depending on the size, projects components may fall under Directive EC/2004/18 regarding public works contracts, public supply contracts and public service contracts. The Bank will ask the Promoter to comply with those regulations and will verify this aspect during appraisal.

    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).

    News & Stories

    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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    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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