Release date: 14 November 2019
Promoter – Financial Intermediary
RAIFFEISENLANDESBANK NIEDEROESTERREICH-WIEN AGLocation
Description
Intermediated framework loan to finance social and affordable housing units in the Austrian Federal States of Vienna and Niederosterreich. Final beneficiaries of the EIB financing will be limited-profit housing development companies, commercial property companies and local authorities.
Objectives
The project supports the financing of new built social and affordable housing units in the Federal State of Vienna and in the Federal State of Lower Austria.
Sector(s)
- Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 307 million
Environmental aspects
The Bank will require the promoter to ensure compliance with the relevant EU Directives.
Procurement
The Bank will require the promoter to ensure that any final beneficiaries falling under EU Public Procurement Directives comply with the EU Public Procurement Directives.
Status
Signed - 4/11/2019