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    Reference: 20080606
    Release date: 18 January 2010

    Promoter – Financial Intermediary

    A social Housing company in Hamburg

    Location

    Description

    The schemes concern the demolition, modernisation and rehabilitation and, to a minor extent, the replacement or additional construction of social and affordable housing and associated facilities in selected localities over several years throughout Hamburg.

    Objectives

    Bringing units up to decent housing quality standards in terms of contemporary sanitary installations and energy efficiency to promote a more balanced and sustainable community development.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 300 million

    Total cost (Approximate amount)

    Up to 650 million

    Environmental aspects

    Given the scale and nature of the sub-projects – demolition, rehabilitation, modernisisation and, to a minor extent, replacement and additional construction of housing and associated facilities – there will be no need for an EIA as defined under the EIA Directive 85/337 and subsequent revisions in most cases. The question of the project falling within a plan or a programme requiring a Strategic Environmental Assessment (SEA) in line with the EU Directive 2001/42/EC will be further examined during appraisal.

    Procurement

    Given that the promoter operates in a fully developed sector and does not have a monopoly position in the market, EU procurement Directives are not applicable. The details for the awarding of the contracts will be verified during appraisal.

    Status

    Signed - 15/11/2010

    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).

    Related tags

    Germany Urban development