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    Reference: 20180283
    Release date: 5 November 2018

    Promoter – Financial Intermediary

    WBM WOHNUNGSBAUGESELLSCHAFT BERLIN-MITTE MBH

    Location

    Description

    The project concerns the construction of social and affordable high-energy efficient housing in the period 2018-2022.

    Objectives

    The loan will finance the investment programme of Wohnungsbaugesellscahft Berlin-Mitte (WBM) to contribute to the city of Berlin's efforts to address the current shortage of social and affordable housing.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 224 million

    Environmental aspects

    Compliance with the relevant EU Directives will be verified during appraisal: EU Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. 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 appraisal.

    Procurement

    The EIB will require the Promoter to ensure that contracts for the implementation of the operation have been and will be tendered in accordance with the relevant applicable EU procurement (Directives 2014/24/EU) where applicable, as well as Directive 89/665/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 - 30/04/2019

    Disclaimer

    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

    Germany Urban development