Wiener Wohnen

Promoter – Financial Intermediary

Vienna's public housing vehicle on the basis of Provincial law, Wiener Wohnen

Location

• Austria

Description

The City of Vienna has adopted a strategic planning strategy with individual local plans lending detailed physical elaboration to policies covering public transport, road and rail networks, new commerce and quality affordable housing to address the problems of urban drift and decentralisation. The upgrading of decaying neighbourhoods and associated dwellings is therefore part of an integrated overall strategy of urban renewal.

Objectives

The schemes, to be selected from eligible components of the promoter's five-year rehabilitation programme, are expected to make a positive contribution towards social, economic and environmental conditions and reduce the impact of social segregation stemming from below-standard public housing. The project covers the first phase of a continuous investment programme within the context of comprehensive long-term rehabilitation.

Sector(s)

• Urban development

Proposed EIB finance (Approximate amount)

About EUR 100 million

Total cost (Approximate amount)

About EUR 200 million

Environmental aspects

As the project consists principally of the upgrading of existing housing stock and public space, there is a priori no need to undertake an Environmental Impact Assessment (EIA) as defined under European Directive 97/11 Annex II. Along with significant improvements in basic sanitation, the dwellings will benefit from improved thermal insulation, to substantially reduce energy consumption. Local neighbourhoods will also benefit from environmental improvements, such as traffic calming measures and landscaping, as part of urban renewal works.

Procurement

European Directives will be applied.

Status

Signed - 26/04/2002