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    Reference: 20160508
    Release date: 27 March 2017

    Promoter – Financial Intermediary




    Construction of approximately 2,200 social housing units with ancillary infrastructure for rent in the city of Barcelona


    The project will contribute to the alleviation of current shortages in social housing supply in Barcelona and to the overall urban regeneration of designated areas.


    The project comes under the Housing Strategy of Barcelona 2008-2016 (currently being updated to 2016-2025) whose main objective is to increase the number of social housing units for rent and to improve housing conditions, increasing the attractiveness of Barcelona as a place to live. Moreover, the project is fully in line with the Shared Strategy for a More Inclusive City which, among other objectives, aims to improve the integration of vulnerable people in the city.


    Proposed EIB finance (Approximate amount)

    EUR 125 million

    Total cost (Approximate amount)

    EUR 264 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 the national law. It is a requirement that all schemes must be implemented in compliance with the EU environmental legislation.


    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 Official Journal of the EU, as and where required


    Signed - 25/07/2017


    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

    Spain Urban development