Reference: 20150552
Release date: 24 May 2016

Promoter – Financial Intermediary

POZNAN AFFORDABLE HOUSING

Location

Description

Construction of approximately 1300 affordable housing units with necessary infrastructure

Objectives

The proposed investment loan will be used for the construction of up to 1300 affordable residential units in Poznan.

Sector(s)

Proposed EIB finance (Approximate amount)

PLN 147 million (EUR 33 million)

Total cost (Approximate amount)

PLN 294 million (EUR 66 million)

Environmental aspects

Some of the schemes may fall under Annex I or II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended. Should any scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC), the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. It is a requirement that all schemes must be implemented in compliance with EU environmental legislation.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the sub-projects have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC, or 2014/24/EU, where applicable, 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 Official Journal of the EU, as and where required.

Status

Signed - 22/12/2016

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

Poland Urban development