Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Greece : € 100,000,000
    Urban development : € 100,000,000
    Signature date(s)
    11/11/2013 : € 50,000,000
    31/01/2014 : € 50,000,000

    Summary sheet

    Release date
    20 October 2009
    Status
    Reference
    Signed | 11/11/2013
    20090449
    Project name
    Promoter - financial intermediary
    Greek Local Authorities Framework
    Local authorities in Greece, primarily municipalities and prefectures and their dependent public service companies.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Total facility of EUR 100 million
    Total overall cost of schemes to be financed will exceed EUR 200 million.
    Location
    Sector(s)
    Description
    Objectives

    The project is a framework loan to support medium-sized local authorities (of cities with more than approximately 50 000 inhabitants) and their dependent companies and other local/regional authorities in Greece. Individual loans will enable the borrowers to invest in the fields of transport, rehabilitation of streets/roads and improvement of traffic safety, educational infrastructures, cultural and historical heritage, public buildings rehabilitation, environmental improvement, energy efficiency and tourism infrastructure.

    The project will facilitate and hasten the implementation of investments responding to the EU policy priorities. Schemes financed will contribute to the regeneration of the respective municipalities by improving the urban environment, according to the local investment and development strategies.

    Environmental aspects
    Procurement

    For schemes co-financed with Community grant instruments at programme level (Operational Programmes) a Strategic Environmental Assessment (SEA) is required in order to comply with the EU Directive 2001/42/EC. Some of the schemes to be financed may fall under the requirements laid down in the European EIA Directive 85/337/EEC and subsequent revisions.

    For sub-projects either requiring an EIA or affecting a natural protected area (if any), the Promoters will provide the Bank with the non-technical summary of the EIA or demonstrate the appropriate approval of the scheme (according to the EU Habitats Directive 92/43/EEC and the EU Birds Directive 79/409/EEC).

    The promoters are subject to public procurement rules according to EU regulations, in particular, EU procurement Directives (2004/18/EC and 2004/17/EC) are applicable.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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.

    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 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.

    Related publications