SAB KOMMUNALINFRASTRUKTUR SACHSEN

Promoter – Financial Intermediary

Sächsische Aufbaubank

Location

• Germany

Description

Framework Loan to support public municipal infrastructure focusing on urban renewal and regeneration of the city centres, including cultural heritage, housing and energy efficiency.

Objectives

The EIB loan, implementation planned for the 2013-2017 period, will complement the EU- and national grant programmes carried out by Sächsische Aufbaubank (SAB) and dedicated to public beneficiaries in Saxony, which is classified as a Convergence region.

Sector(s)

• Composite infrastructure

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 626 million

Environmental aspects

All schemes should have an overall positive impact on the environment in the urban areas. However, some of the schemes may fall under Annex II of the 2011/92/EU Directive and thus might be subject to an environmental assessment. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned Directives as transposed into the national law. All schemes must be implemented in compliance with the EU environmental legislation.

Procurement

In case of public beneficiaries, 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 (Dir. 2004/17/EC/ or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 3/12/2013