Release date: 18 June 2002
Promoter – Financial Intermediary
City of Leipzig.Location
Description
The project comprises preparatory ground works for an industrial park, including a new car manufacturing plant in Leipzig, to be completed by 2004, and comprises urban development investments such as road and rail links for the Northern Leipzig area.
Objectives
The project has to be seen in the context of further developing the Bank's activities in the objective 1) region of Saxony. Moreover, the project will contribute substantially to develop and reinforce the economic base of the city (road and rail infrastructure).
Comments
Regional and Urban Development.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 62 million
Total cost (Approximate amount)
Up to EUR 124 million
Environmental aspects
The site was previously farming land and the City of Leipzig has undertaken a full EIA according to EU Directive 97/11, in order to convert and prepare the site for urban use. Under Federal German Law, substitute landscaping/greening for areas lost to the site will be undertaken.
Procurement
European Directives are fully written into Federal German Law. Given the magnitude of the project components, EU Directive 93/37 has either already been or is in the process of being applied for all works involved.
Status
Signed - 15/10/2003
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).