Release date: 14 May 2004
Promoter – Financial Intermediary
Société Wallonne du Logement (SWL).
Charleroi.
Location
Description
The project concerns the upgrade and renovation of low-cost social housing in designated urban renewal areas in Wallonia. The 5-year investment programme will affect some 35,800 homes spread among all 5 provinces in the Walloon Region, particularly in regional development areas.
Objectives
The objective is to provide new or replacement social housing, refurbish older social dwellings and convert appropriate and otherwise redundant buildings to housing use, supported by complementary investment in urban infrastructure and other environmental improvements, in selected urban localities.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250m.
Total cost (Approximate amount)
Around EUR 1bn.
Environmental aspects
It is unlikely that an EIA is required for any of the sub-projects due to their nature and location. Whilst there may be some minor environmental impact during construction/renovation work, the net environmental and social impact will be wholly positive.
Procurement
Procurement is under Services Directive 92/50/EEC and Public Works Directive 93/37/EEC for actual project works.
Status
Signed - 24/06/2004
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).