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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Portugal : € 25,000,000
    Urban development : € 25,000,000
    Signature date(s)
    28/05/2015 : € 25,000,000

    Summary sheet

    Release date
    26 May 2014
    Status
    Reference
    Signed | 28/05/2015
    20140203
    Project name
    Promoter - financial intermediary
    IHRU III - RENTAL HOUSING REHABILITATION
    IHRU - Instituto da Habitação e Reabilitação Urbana
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    Investment programme dedicated to rehabilitation of residential buildings and urban renewal.

    This will be a third operation with the Promoter, Instituto da Habitação e Reabilitação Urbana (“IHRU”). IHRU is a public institute responsible for social housing and urban regeneration. The Bank´s operation will support an investment programme of IHRU comprising refurbishment of buildings primarily dedicated to rental housing. Regeneration of the building stock will also aim at renewal of selected urban areas. Schemes under this operation will be located in urban areas of Portuguese major cities.

    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 (re-)construction 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 Borrower 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 2004/18/EC and Directive 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where required.

    Comments

    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) - IHRU III - RENTAL HOUSING REHABILITATION
    Publication Date
    10 Dec 2014
    Document language
    Main Topic
    Lending
    Document Number
    56462943
    Document Focus
    Environmental Information
    Project Number
    20140203
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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