Release date: 16 April 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The operation consists of a programme Loan to finance social and affordable housing units in Austria.
Objectives
Final beneficiaries of the EIB financing will be limited-profit housing development companies, commercial property companies and local authorities.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1250 million
Environmental aspects
The Programme Loan benefits from a 13.8% Climate Action component.
Procurement
The promoters has to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation 2014/24/EU and 2014/25/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
Approved - 23/04/2020