Release date: 10 September 2015
Promoter – Financial Intermediary
Framework loan to support public municipal infrastructure focusing on urban renewal and regeneration of city centres, including cultural heritage, housing and energy efficiency.
The EIB loan, with implementation planned for the 2015-2018 period, will complement the EU- and national grant programmes carried out by Sächsische Aufbaubank (SAB) and dedicated to public beneficiaries in Saxony.
Proposed EIB finance (Approximate amount)
EUR 260 million
Total cost (Approximate amount)
EUR 527 million
Germany, as an EU member state, has harmonised its environmental legislation in line with the relevant EU directives. The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply Strategic Environmental Assessment (SEA) Directive 2001/42/EC and 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), if relevant to the project, will be further examined during appraisal.
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 (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Signed - 11/05/2016
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).