Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 125,578,500
    Countries
    Sector(s)
    Italy : € 125,578,500
    Urban development : € 125,578,500
    Signature date(s)
    6/12/2021 : € 125,578,500

    Summary sheet

    Release date
    11 February 2021
    Status
    Reference
    Signed | 06/12/2021
    20200824
    Project name
    Promoter - financial intermediary
    BOZEN ENERGY EFFICIENT SOCIAL HOUSING
    ISTITUTO PER L'EDILIZIA SOCIALE DELLA PROVINCIA AUTONOMA DI BOLZANO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 126 million
    EUR 182 million
    Location
    Sector(s)
    Description
    Objectives

    Construction and refurbishment of energy efficient social and affordable housing units throughout the Province of Bozen.

    The project concerns the construction of some some 281 new housing units and refurbishment of some 6052 housing units for rent, with special emphasis on energy efficiency measures. The project is located in the City of Bozen and its province in Northern Italy.

    Additionality and Impact

    The project will provide good quality social and affordable housing for those most in need and those who cannot afford market rates by building new housing units or upgrading and renovating existing units that require refurbishment.The project will contribute directly or indirectly to promote progress towards multiple Sustainable Development Goals (SDGs), including poverty reduction (SDG 1), reduced inequalities (SDG 10), Sustainable Cities and Communities (SGD 11) and Climate Action (SDG 13)The Project addresses a number of market failures, in particular the lack of available social housing supply as the market does not sufficiently cater for the demand of low-income people. In addition, the Project addresses sub-optimal investment flows into highly energy efficient and resilient new buildings. Lastly, despite severe budgetary restrictions brought about by the Covid-19 pandemic, the Bank´s financial contribution will enable the implementation of the Borrower´s much needed investment plan in a timely manner, mitigating the risk of the project suffering delays or having to be downsized or reconfigured.

    Environmental aspects
    Procurement

    Compliance with the relevant EU Directives will be verified during appraisal stage: EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EU, SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the 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.

    The Bank will require the promoters to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation 2014/24/EU and 2014/25/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.

    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) - BOZEN ENERGY EFFICIENT SOCIAL HOUSING
    Publication Date
    17 Apr 2021
    Document language
    Main Topic
    Lending
    Document Number
    138609131
    Document Focus
    Environmental Information
    Project Number
    20200824
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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.

    Related publications