OREBRO MUNICIPAL INVESTMENTS

Promoter – Financial Intermediary

Municipality of Örebro

Location

• Sweden

Description

The project concerns the financing of investment schemes forming part of the city of Örebro’s four-year investment programme from 2014 to 2017. The project is expected to comprise eight small to medium-sized schemes in the fields of education, childcare and municipal housing, municipal infrstructure as well as investments in wastewater treatment.

Objectives

The municipality's long-term investment strategy for 2014-2017 aims at modernising the municipality's basic infrastructure and improving the quality of public services.

Comments

Sector(s)

• Composite infrastructure - Construction

Proposed EIB finance (Approximate amount)

SEK 1500 million (EUR 162 million)

Total cost (Approximate amount)

SEK 3900 million (EUR 421 million)

Environmental aspects

This operation supports projects that help to mitigate climate change. Sweden, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives 2011/92/EU and 2001/42/EC. The Bank’s appraisal will focus on the promoter’s environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (recast) (2010/31/EU) will be further examined during 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 (Dir. 2004/18/EEC or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 27/03/2015