Release date: 30 May 2003
Promoter – Financial Intermediary
The promoter is the Ministry of Public Works, Reconstruction and Construction (PWCR).The final beneficiaries will be the Local Authorities in the Areas of Special Government Concern (ASGC).Location
Description
Rehabilitation and upgrading of municipal infrastructure by Local Authorities in the Areas of Special Government Concern (ASGC). The proposed framework loan is directed at financing sub-projects of limited scale in the fields of urban renewal and rehabilitation including communal infrastructure, public utilities, local roads, social housing and related community facilities.
Objectives
Selected sub-projects within given municipalities should be part of well defined and integrated strategies for regeneration designed to promote community development and a more sustainable settlement hierarchy, and are entirely consistent with the removal of obstacles for the return of refugees and displaced persons (DPs).
Comments
Urban rehabilitation
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
Approximately EUR 300 million. (The investment programme will be confirmed during the appraisal).
Environmental aspects
The project comprises a large number of small urban infrastructure sub-projects focusing on the regeneration of selected settlements most adversely affected by the recent conflict in locations now designated as Areas of Special Government Concern. The net impact of the project as a whole should be environmentally beneficial.
Procurement
Most of the proposed sub-projects are relatively small and will comply with national regulations but, where necessary, EU procurement protocols will be followed in accordance with Directive 93/37.
Status
Signed - 30/07/2003
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).