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    Reference: 20190391
    Release date: 22 October 2019

    Promoter – Financial Intermediary

    GEWOBAG WOHNUNGSBAU-AG BERLIN

    Location

    Description

    The project consists of a second operation to finance an investment programme of housing for low and moderate-income households by the city owned company Gewobag.

    Objectives

    The project will help address the shortage of affordable housing in the state of Berlin and will support the construction of energy efficient buildings.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 240 million

    Total cost (Approximate amount)

    EUR 506 million

    Environmental aspects

    Compliance with the relevant EU Directives will be verified during appraisal: EU Environmental Impact Assessment (EIA) Directive 2014/52/EU amending 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 promoter is subject to public procurement, hence it is required that the promoter ensures 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 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 - 18/12/2019

    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