Release date: 28 March 2007
Promoter – Financial Intermediary
CTP Invest Spol s.r.o.Location
Description
The project consists of developing industry, logistic and business parks in the Czech Republic, excluding Prague, and mainly in Brno, Ostrava and Plzen (and soon Pardubice). CTP will manage these properties as long-term leases to renowned customers active in the Czech market (industries and services).
Objectives
The project will result in improving the regional economic bases and productivity growth, as well as purchasing power, as incoming local and foreign investors will move in to the (mostly built-to-order) constructions.
Comments
Real Estate, Renting and Business Activities
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 462 million.
Total cost (Approximate amount)
EUR 900 million.
Environmental aspects
Current environmental impact legislation in the Czech Republic is based on the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Competent Authority has decided that no formal EIA is required. Full environmental details will be assessed during the appraisal, including possible impacts on protected flora and fauna (Habitats' 92/43/EEC and Birds' 79/409/EEC Directives).
Procurement
EU Procurement Directives have been transposed into the national legislation and appropriate procedures will be applied for tendering of services, supplies and works.
Status
Signed - 13/12/2007
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).