AFFORDABLE HOUSING IN SWEDEN

Promoter – Financial Intermediary

HEIMSTADEN BOSTAD AB

Location

• Sweden

Description

The project concerns the construction of affordable and energy efficient rental residential units in Sweden. Investments may include some community development facilities and social services.

Objectives

The aim is to contribute to urban regeneration and in the long-term better social integration of different income groups.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

SEK 3000 million (EUR 279 million)

Total cost (Approximate amount)

SEK 6025 million (EUR 561 million)

Environmental aspects

Compliance with the relevant EU Directives will be verified during appraisal stage: Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU, SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed.

Procurement

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/24/EU, where applicable, then the Bank would 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 2014/24/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 publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 27/09/2019