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Signature(s)

Amount
€ 61,304,548.93
Countries
Sector(s)
Ireland : € 61,304,548.93
Urban development : € 61,304,548.93
Signature date(s)
19/03/2019 : € 1,879,446.67
19/03/2019 : € 59,425,102.26
Link to source

Summary sheet

Release date
23 January 2017
Status
Reference
Signed | 19/03/2019
20160820
Project name
Promoter - financial intermediary
IRISH SOCIAL HOUSING PPP PROGRAMME
NATIONAL TREASURY MANAGEMENT AGENCY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 61 million
EUR 350 million
Location
Sector(s)
Description
Objectives

The framework loan is to provide financing for three different social housing bundles. The loans will provide financing to private sector partners to construct, finance, operate and maintain the bundles. Repayments are to be made using funds from availability payments from a public sector body based on a 25-year project agreement.

By increasing the supply of social and affordable housing, the project will help reduce the degree to which income is a factor in securing suitable housing, thus delivering greater social inclusion. Given the robust regulatory and urban planning framework in Ireland, the project is expected to be informed by a planning-led approach to urban development. The proposed operation will help meet housing need in locations experiencing significant shortages, integrating social housing with open market housing. High regulatory standards should ensure the application of adequate standards regarding energy efficiency, sustainability and the active involvement of tenants. Furthermore, the housing investments to be funded will generate significant employment during their implementation.

Environmental aspects
Procurement

Compliance with relevant EU directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the urban renewal, upgrading and 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 proposed investments should lead to the physical rejuvenation of their locations and therefore result in a better living environment.

The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU and 2014/24/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/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) - IRISH SOCIAL HOUSING PPP
Publication Date
11 Jul 2017
Document language
Main Topic
Lending
Document Number
73541786
Document Focus
Environmental Information
Project Number
20160820
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - IRISH SOCIAL HOUSING PPP
Publication Date
24 Dec 2022
Document language
Main Topic
Lending
Document Number
165565566
Document Focus
Environmental Information
Project Number
20160820
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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