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    Reference: 20190557
    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)

    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

    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

    Austria Urban development