KOMMUNALE WIRTSCHAFTSFOERDERUNG BRANDENBURG

Promoter – Financial Intermediary

INVESTITIONSBANK DES LANDES BRANDENBURG

Location

• Germany

Description

The project consists of a Framework Loan to finance a joint national and federal programme to support public investments in the Federal State of Brandenburg.

Objectives

The Framework Loan targets promotional grant programmes aimed at improving business-related municipal infrastructure and thus economic development and job creation in the Land Brandenburg through public investments. Being Land Brandenburg an EIB Cohesion Priority Region, the project also supports regional development.

Comments

Under Appraisal.

Sector(s)

• Composite infrastructure - Construction

Proposed EIB finance (Approximate amount)

EUR 80 million

Total cost (Approximate amount)

EUR 190 million

Environmental aspects

The project comprises a multi-scheme operation classified as a framework loan and some of the schemes may eventually fall under Annex II of the Environmental Impact Assessment (EIA) Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Should any such 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 79/409/EEC), 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.

Procurement

Investitionsbank des Landes Brandenburg (ILB), the project promoter, be required to follow the EU public procurement rules (2004/18/EC), including the publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national legislation.

Status

Signed - 29/11/2019