Reference: 20080219
Release date: 15 May 2008

Promoter – Financial Intermediary

Instituto da Habitação e da Reabilitação Urbana

Location

Description

Framework loan

Objectives

The framework loan will support the financing of infrastructure and public space renewal and requalification, the rehabilitation of dilapidated social housing and the construction of new social housing to resettle people living in substandard accommodation, being undertaken by IHRU-sponsored initiatives in deprived neighbourhoods in Portugal.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

Not applicable

Environmental aspects

Compliance with EU environmental directives and national laws shall be ensured. In principle, measures and programmes focusing on upgrading of existing housing stock will not require an EIA under EU Directive (85/337/EEC as amended 97/11/EC) but this will be further verified during appraisal. Should some components of the project involve construction in greenfield areas, the promoter will be required to produce an EIA.

Procurement

Compliance with EU procurement directives and national laws shall be ensured.

Status

Signed - 30/10/2008

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Portugal Urban development