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    Reference: 20110036
    Release date: 30 January 2020

    Promoter – Financial Intermediary

    LUOSSAVAARA-KIIRUNAVAARA AB

    Location

    Description

    Following the expansion of the mine exploitation by LKAB, in the two towns Kiruna and Malmberget a process of urban transformation takes place to replace buildings and facilities which are lost. The project comprises sub-projects to be implemented during 2016-2021 in the fields of municipal infrastructure, cultural heritage, housing and spaces for businesses/commercial activities.

    Objectives

    The investment programme shall lay the basis for a long-term sustainable urban development of the city affected by the expansion of the mining activities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 238 million

    Environmental aspects

    The selected sub-projects will be based on a comprehensive urban development plan for the towns. Compliance with the relevant EU Directives will be verified during appraisal:Environmental Impact Assessment (EIA) Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.

    Procurement

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 4/12/2019

    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

    Sweden Urban development