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    Reference: 20200177
    Release date: 16 October 2020

    Promoter – Financial Intermediary

    HELLENIC REPUBLIC

    Location

    Description

    Framework Loan to support local governments in multi-sector investments aimed at sustainable development of urban areas.

    Objectives

    The project is an intermediated Framework Loan operation in support of two programmes launched by the Ministry of Interior and the Ministry of Environment & Energy, aiming to support municipalities, regional authorities and their agencies in order to invest in a wide range of projects contributing to the sustainable development of urban areas. 1. The first programme concerns the implementation of infrastructure projects; 2. The second programme concerns the implementationof local spatial plans (LSPs), namely integrated plans and related interventions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 2300 million

    Environmental aspects

    Compliance with the relevant EU Directives will be verified during appraisal stage: 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 Bank will 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 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, 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 Official Journal of the EU, as and where required.

    Status

    Signed - 16/03/2021

    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).

    Related tags

    Greece Urban development