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    Summary sheet

    Release date
    4 September 2020
    Status
    Reference
    Approved | 16/12/2020
    20200516
    Project name
    Promoter - financial intermediary
    CRONOS LOGEMENT INTERMEDIAIRE
    IN'LI
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 205 million
    EUR 513 million
    Location
    Sector(s)
    Description
    Objectives

    Financing of a programme of construction of 2000 affordable housing units in the region Ile-de-France in France by the private entity FONCIERE CRONOS founded by IN'LI.

    The operation will support the construction of 2000 affordable housing units in Ile-de-France (Paris region), particularly in areas where middle-class employees and young workers are finding it increasingly difficult to find housing, and have to undergo an average commuting time of 84 minutes/day.

    Environmental aspects
    Procurement

    The EIB financing will support construction of housing units which will conform to RT2012 (the French energy efficiency regulation for buildings); therefore, this project will have a positive impact on the achievement of France's national energy efficiency targets. The competent authority will have to determine whether each sub-project is subject to a full environmental impact assessment (EIA) procedure according to the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Further details on the screening decision, the environmental permitting status, the proximity and potential impact of each sub-project to natural conservation areas, according to the Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively), and on other aspects of the environmental impact assessment will be clarified during the appraisal.

    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 2014/24/EU, where applicable, as well as 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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - CRONOS LOGEMENT INTERMEDIAIRE
    Publication Date
    29 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    133211857
    Document Focus
    Environmental Information
    Project Number
    20200516
    Sector(s)
    Regions
    Countries
    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.
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    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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