Release date: 17 July 2002
Promoter – Financial Intermediary
Ministry of Environment of Niedersachsen via local governments (Lüneburg, Weser-Ems) and Niedersächsischer Landesbetrieb für Wasserwirtschaft und Küstenschutz (NLWK).Location
Description
The Bank would support a number of small and medium sized projects over a period of 5 years (2001-2005) designed to maintain and increase flood protection levels for islands, coastal and hinterland areas.
Objectives
The project's economic interest is directly linked to an improvement in the quality of life of the people residing in flood risk areas of Niedersachsen by lowering the probability of property damage and future economic disruption (tourism, agriculture, commerce) resulting from floods.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 125 mio
Total cost (Approximate amount)
Up to EUR 250 mio
Environmental aspects
The project will have some impact on areas protected by the Flora Fauna Habitat Directive. The requirement for Environmental Impact Assessments (EIA) and the integration of environmental issues in the decision making procedure for individual projects will be carefully examined.
Procurement
Procurement procedures applied by the promoter should be in compliance with European Council Directives applicable to public authorities and national legislation.
Status
Signed - 30/09/2003
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).