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Summary sheet

Release date
12 March 2019
Status
Reference
Under appraisal | 04/03/2019
20180007
Project name
Promoter - financial intermediary
BRAUNKOHLESANIERUNG LAUSITZ II
LAUSITZER UND MITTELDEUTSCHE BERGBAU-VERWALTUNGSGESELLSCHAFT MBH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 472 million
Location
Sector(s)
Description
Objectives

The project concerns the rehabilitation, stabilisation and remediation of former lignite mining sites in the Federal State of Brandenburg during 2019-2022 and their return to economic use including as recreational lakeland area.

This project will improve the management of natural resources and foster environmental rehabilitation.

Environmental aspects
Procurement

The project will support the rehabilitation, recovery and reclamation of Germany's former lignite mines and it is expected to deliver multiple environmental benefits. Certain activities included in the overall project may require an Environmental Impact Assessment (EIA) subject to the judgement of the competent authority, in accordance with Annex II of EIA Directive (2011-92/EU). Where an action may affect a Natura 2000 site (designated according to Habitats Directive 92/43/EEC / Birds Directive 79/409/EEC), the Bank requires the promoter to follow the directives' procedures as transposed into national law.

The Bank will require the promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU and Directive 2007/66/EC, as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

Link to source

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).

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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.
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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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