SOZIALES UND NACHHALTIGES WOHNEN BRANDENBURG II

Promoter – Financial Intermediary

LAND BRANDENBURG

Location

• Germany

Description

Project to support social housing retrofitting and new construction in the Federal State of Brandenburg

Objectives

The proposed operation is expected to comprise comprehensive retrofitting and adaption of existing social housing units possibly as well as some construction or reconstruction of rented social housing. The investments will need to satisfy the EIB's eligibility criteria for urban renewal and sustainable communities. The housing investments are anticipated to form part of specific local integrated urban development plans (INSEKs/ Integrierte Stadtentwicklungskonzepte).

Sector(s)

• Urban development

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 400 million

Environmental aspects

Compliance with the relevant EU directives will be verified during appraisal: Environtmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (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 housing investments will be reviewed during project appraisal. Applicable 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.

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 (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.

Status

Signed - 3/08/2016