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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    South Africa : € 150,000,000
    Urban development : € 150,000,000
    Signature date(s)
    30/10/2013 : € 150,000,000

    Summary sheet

    Release date
    21 January 2013
    Status
    Reference
    Signed | 30/10/2013
    20120410
    Project name
    Promoter - financial intermediary
    AFFORDABLE AND SOCIAL HOUSING II
    Development Bank of Southern Africa
    National Housing Finance Corporation
    Nedbank
    Standard Bank
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 464 million
    Description
    Objectives

    Framework loan to be made available to several financial intermediaries for the funding of affordable and social housing projects and associated urban infrastructure, including social amenities, throughout South Africa.

    The selected schemes of affordable and social housing to be funded will be part of local integrated and inclusive sustainable urban development plans and housing policies satisfying the EIB's eligibility criteria for the sector.

    Environmental aspects
    Procurement

    The operation will be required to meet the environmental and social requirements of the Bank based on EU policy.

    The Bank will require the intermediaries to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - AFFORDABLE AND SOCIAL HOUSING II
    Publication Date
    2 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    46704160
    Document Focus
    Environmental Information
    Project Number
    20120410
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - AFFORDABLE AND SOCIAL HOUSING II
    Publication Date
    24 Jan 2020
    Document language
    Main Topic
    Lending
    Document Number
    95809139
    Document Focus
    Environmental Information
    Project Number
    20120410
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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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    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.

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