Release date: 10 February 2016
Promoter – Financial Intermediary
The Promoter is a social housing corporation
The project concerns the retrofitting of existing units and additional new construction of rental social housing by Portaal Housing Corporation in the years 2014 - 2017.
The proposed project concerns the financing of investments into the social housing stock of Portaal. It is the Bank's first social housing project in the Netherlands.
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 423 million
Compliance with the relevant EU Directives will be verified during appraisal: EU 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, rehabilitation and reconstruction 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.
The promoter Portaal Housing Corporation, a social housing association (woningcorporatie), does not fall under the scope of Directive 2004/18 given that Portaal Housing Corporation is not considered a 'body governed by public law' in the meaning of the Directive, Article 1 (9). Details will be further examined during the Bank's project appraisal.
Signed - 23/12/2015
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).