Release date: 30 January 2020
Promoter – Financial Intermediary
LUOSSAVAARA-KIIRUNAVAARA ABLocation
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)
- Urban development - Construction
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).