UPPSALA MUNICIPAL INVESTMENTS

Promoter – Financial Intermediary

Uppsala Municipality

Location

• Sweden

Description

The project concerns the financing of investment schemes forming part of Municipality of Uppsala’s three-year investment programme from 2014 to 2016. The project is expected to comprise municipal infrastructure, education, affordable housing, sport facilities, health and environment.

Objectives

The project concerns the financing of multi-sectoral investment schemes forming part of the Municipality’s three-year investment programme from 2014 to 2016 for a total of approximately SEK 7 000 million.

Sector(s)

• Urban development
• Water, sewerage
• Services
• Health
• Education

Proposed EIB finance (Approximate amount)

SEK 1800 million (EUR 202 million)

Total cost (Approximate amount)

SEK 7000 million (EUR 786 million)

Environmental aspects

Sweden, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives 2011/92/EU Directive and 2001/42/EC). The Bank’s appraisal will focus on the Promoter’s environmental management capacity to properly apply the EU SEA Directive 2001/42/EC, the EU 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 - recast (2010/31/EU) will be further examined during appraisal. All relevant key documents for the project will be published, in line with the Bank’s disclosure policy.

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 - 29/01/2015