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Signature(s)

Amount
€ 127,000,000
Countries
Sector(s)
Germany : € 127,000,000
Urban development : € 127,000,000
Signature date(s)
19/12/2014 : € 127,000,000
Link to source

Summary sheet

Release date
27 February 2014
Status
Reference
Signed | 19/12/2014
20130684
Project name
Promoter - financial intermediary
OPERNVIERTEL KOELN
Stadt Koeln
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 135 million
EUR 270 million
Location
Sector(s)
Description
Objectives

The project will concern the rehabilitation of the cultural heritage buildings opera/theatre and urban renewal investments in the surrounding inner city neighbourhoods.

The project aims at achieving two main objectives: (i) comprehensive rehabilitation and upgrading of the municipal opera and theatre complex which is a preserved cultural heritage building, and (ii) playing a catalytic role in regenerating some of Cologne’s oldest inner city neighbourhoods surrounding the opera/theatre complex.

Environmental aspects
Procurement

Compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 79/409/EEC. The status of any environmental studies and public consultations related to the urban renewal, rehabilitation and reconstruction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC/ or Directive 2004/18/EC and Directive 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Link to source
Summary sheet
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - OPERNVIERTEL KOELN
Publication Date
27 Aug 2014
Document language
Main Topic
Lending
Document Number
53842619
Document Focus
Environmental Information
Project Number
20130684
Sector(s)
Regions
Countries
Publicly available
Download now
Other links
Summary sheet

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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