Release date: 28 May 2018
Promoter – Financial Intermediary
PUBLIC ENTITY(IES)Location
Description
The project comprises the third intermediated framework loan (FL) with Belfius to co-finance its Smart Cities Programme in Belgium including small and medium-sized schemes (with a cost below EUR 50 million) in urban development and renewal, urban infrastructure, energy efficiency, renewable energy, sustainable mobility, water, solid waste and information and communication technologies (ICT).
Objectives
This operation will support sustainable urban development, smart city development, the circular economy and climate action.
Sector(s)
- Services - Information and communication
- Industry - Construction
- Urban development - Construction
- Solid waste - Water supply; sewerage, waste management and remediation activities
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 800 million
Environmental aspects
The project comprises a multi-sector operation classified as a framework loan and some of the schemes may possibly fall under Annex I or II of the Environmental Impact Assessment Directive (2014/52/EU amending 2011/92/EU). 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. For new and refurbished buildings, the compliance with EU Directive 2010/31/EU on Energy Performance of Buildings will be further examined during the appraisal. For schemes triggering article 4.7 of the Water Framework Directive (WFD), the promoter has to provide evidence of the compliance with the WFD before the Bank funds are allocated.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/23/EU / 2014/24/EU / 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.
Status
Signed - 28/08/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).