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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Estonia : € 100,000,000
Urban development : € 100,000,000
Signature date(s)
19/05/2017 : € 100,000,000
Link to source

Summary sheet

Release date
11 October 2016
Status
Reference
Signed | 19/05/2017
20150176
Project name
Promoter - financial intermediary
TALLINN URBAN INFRASTRUCTURE II
CITY OF TALLINN
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 360 million
Location
Sector(s)
Description
Objectives

The project concerns the financing of multi-sectoral investment schemes forming part of the municipality's investment programme.

The project concerns the financing of multi-sectoral investment schemes forming part of the municipality's three-year investment programme from 2016 to 2019. The project is expected to comprise small to medium-sized schemes in the fields of municipal infrastructure, mobility measures, education and sport, social and health infrastructure and cultural heritage and will benefit the city of Tallinn. The city's long-term investment strategy for 2016-2018 aims to modernise the city's basic infrastructure and improving the quality of public services. The plan includes several components - public transport, street refurbishment, school upgrading, renovation of social and health infrastructure and cultural heritage, reconstruction of social facilities - to be implemented over the next three years. The investment programme is a coherent and target-based development plan including investments in domains where Tallinn, as a local government, has financial and planning responsibility.

Environmental aspects
Procurement

Estonia, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives 2011/92/EU and 2001/42/EC. The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (EU Directive 2002/91/EC) and its recast (2010/31/EU) will be further examined during appraisal. All relevant key documents for the project will be published, in line with the Bank's disclosure policy.

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 (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Link to source
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) - TALLINN URBAN INFRASTRUCTURE II
Publication Date
9 Jun 2017
Document language
Main Topic
Lending
Document Number
65628497
Document Focus
Environmental Information
Project Number
20150176
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - TALLINN URBAN INFRASTRUCTURE II
Publication Date
31 Dec 2023
Document language
Main Topic
Lending
Document Number
155746253
Document Focus
Environmental Information
Project Number
20150176
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.

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.

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