Release date: 23 August 2018
Promoter – Financial Intermediary
CITY OF TARTU
The project concerns the financing of multi-sectoral investment schemes forming part of the Estonian city of Tartu's 2018-2022 five-year investment programme.
A preliminary list of schemes has been made available to the Bank and the project is expected to comprise small to medium-sized schemes in the fields of municipal infrastructure, education and sport, social and health infrastructure, and cultural heritage. These schemes will benefit the city of Tartu.
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 46 million
Estonia, as an EU member State, has harmonised its environmental legislation in line with the relevant EU Directives 2011/92/EU and2001/42/EC. The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended, as well as the requirements of the Habitats and Birds Directives, where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (EU Directive 2002/91/EC) and its recast (2010/31/EU) will be further examined during the appraisal.
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, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/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 the publication of tender notices in the Official Journal of the EU, as and where required.
Signed - 5/04/2019
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).