Release date: 24 March 2009
Promoter – Financial Intermediary
Statutarni Mesto Olomouc (Olomouc City)Location
Description
A multi-sector framework facility for financing investment schemes that the Olomouc City will undertake in the framework of the 2007-13 EU programming period. The project will include schemes, mostly of small and medium size, in the fields of transport, environmental protection, health and education, urban renewal, cultural heritage, and facilities for the provision of community services.
Objectives
The improvement and upgrading of municipal infrastructure is a pre-requisite for the City's continuing development, and contributes to increasing its attractiveness to investors and tourism, whilst simultaneously improving the quality of life of its citizens.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to CZK 1 500 million.
Total cost (Approximate amount)
CZK 4 000 million.
Environmental aspects
As a Member State, the Czech Republic has the obligation of following EU relevant rules regarding the environmental impact of projects (namely SEA, EIA and Habitat/Natura 2000 Directives). The Bank’s appraisal will focus on the promoter’s environmental management capacity and on the verification of the correct application of these Directives; all the relevant project’s key documents will be published in line with the Bank’s procedures.
Procurement
EU Directives on procurement (2004/18/EC and 2004/17/EC) have been transposed into the national Czech legislation. Tenders will be organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for projects above thresholds. Application of EU procedures by the Czech authorities for the tender of services, supplies and civil works will be reviewed by the Bank’s services during appraisal and monitoring.
Status
Signed - 3/07/2009
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).