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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Spain : € 40,000,000
Urban development : € 40,000,000
Signature date(s)
27/12/2019 : € 40,000,000
Link to source

Summary sheet

Release date
26 June 2019
Status
Reference
Signed | 27/12/2019
20180901
Project name
Promoter - financial intermediary
SEVILLA SOCIAL HOUSING
EMPRESA MUNICIPAL DE VIVIENDA, SUELO Y EQUIPAMIENTOS DE SEVILLA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 81 million
Location
Sector(s)
Description
Objectives

The project consists of the construction of 562 social housing units for rent in Sevilla in Spain.

The operation aims to contribute to the provision of newly-built social and affordable housing for rent in the city of Sevilla, which is expected to improve the quality of life of the most vulnerable groups of society particularly those in the lowest-income brackets and is expected to promote greater social inclusion. The project is therefore eligible under Article 309 point (a) projects for developing less developed regions and point (c) common interest.

Environmental aspects
Procurement

It is foreseen that the operation's environmental impact at the construction stage will be short-lived and reversible, and at a level deemed acceptable. Some of the expected negative effects include traffic and dust during construction, which will be alleviated by appropriate site organization and construction management. The construction of the new social and affordable housing units will meet good environmental standards and will contribute to maintain and improve the quality of the built environment. Spain, as an EU Member State, has harmonized its environmental legislation with the relevant EU Directives: the Environmental Impact Assessment (EIA) Directive 2014/53/EU amending the 2011/92/EU, the Strategic Environmental Assessment (SEA) Directive 2001/42/EC and the Habitats Directive 92/43/EEC, the Birds Directive 2009/147/EC and Energy Performance of Buildings Directive 2010/31/EU. None of the project components, given their size and nature, will require an EIA. The project does not require a SEA per se as the entire project is part of a General Urban Plan, which has undergone a SEA. None of the project components will be located inside or near a Natura 2000 area and there will be no impacts on any protected site. After completion of works, new buildings and refurbished buildings will contribute to reduce the energy consumption and pollutant emissions compared to the business-as-usual scenario (in compliance with the current regulation). After completion of works, new buildings and refurbished buildings will contribute to reduce the energy consumption and pollutant emissions compared to the business-as-usual scenario (in compliance with the current regulation).

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, Directive 2014/23/EU /2014/24/EU, as well as Directive 92/13/EEC or Directive 89/665/EEC 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.

Related projects
Link to source
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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) - SEVILLA SOCIAL HOUSING
Publication Date
20 Mar 2020
Document language
Main Topic
Lending
Document Number
94181302
Document Focus
Environmental Information
Project Number
20180901
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - SOCIAL & AFFORDABLE HOUSING INVESTMENT PLATFORM
Publication Date
26 Jul 2018
Document Language
English
Main Topic
lending
Document Number
84807992
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20170769
Last update
26 Jul 2018
Sector(s)
Urban development, Credit lines
Countries
Spain
Publicly available
Download now

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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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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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