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
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).