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    Reference: 20130631
    Release date: 7 November 2014

    Promoter – Financial Intermediary

    Municipality of Örebro

    Location

    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)

    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

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Sweden Composite infrastructure