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Summary sheet

Release date
16 December 2019
Status
Reference
Under appraisal | 26/09/2019
20190489
Project name
Promoter - financial intermediary
SKANSTE NZEB PROJECT
CAPITALICA ASSET MANAGEMENT UAB
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 62 million
Location
Sector(s)
Description
Objectives

The project concerns the construction of two A class compliant office buildings in Skanste area, Riga city.

The construction of two nearly zero-energy buildings (NZEB) is a part of the Integrated Urban Development of the Skanste area. The project contributes to reduce energy use, GHG emissions and upgrade energy building standards in Latvia.

Environmental aspects
Procurement

Given the relative scale, location and nature of the works in built-up urban areas, all of the works are deemed not to have any significant negative environmental or social impact. Exceptionally, a work may fall under 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU). In these cases the Bank will require the promoter to act according to the provisions of the aforementioned Directive as transposed into national law leaving it to the competent authority to decide in line with the Directive whether an EIA procedure is needed or not. The Bank will review relevant permits, public consultations and authorization processes during appraisal, including mitigation/compensation measures to be taken and any potential effects on nature conservation sites (Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC). Through the project, new NZEB buildings, as per the requirements of the Energy Performance Building Directive (EPBD 2018/844/EU amending the 2010/31/EU [Article 9(1)]), will be constructed which will, after completion, reduce energy consumption and pollutant emissions compared to the business-as-usual scenario (in compliance with the current regulation). The EPBD requires that from 2019 onwards, all public buildings and from 2021 all buildings will need to be NZEB.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (Directive 2004/17/EC)], then the Bank would require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation ( Directive 2004/17/EC, where applicable, as well as Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Link to source
Summary sheet

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) - SKANSTE NZEB PROJECT
Publication Date
1 Jul 2020
Document language
Main Topic
Lending
Document Number
125833018
Document Focus
Environmental Information
Project Number
20190489
Sector(s)
Regions
Countries
Publicly available
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Other links
Summary sheet

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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