Release date: 27 October 2020
Promoter – Financial Intermediary
HELLENIC REPUBLICLocation
Description
The project is structured as a framework loan that will completely reshape and strengthen the operational and administrative capabilities of the Civil Protection mechanism in Greece. It will significantly upgrade the effectiveness of its intervention for disaster prevention and preparedness, public health and environmental protection.
Objectives
It is envisaged that the project will significantly upgrade the effectiveness of the interventions of the Civil Protection mechanism for disaster prevention and impact minimisation, public health and environmental protection. The proposed investments are a top priority for the Greek Government which has placed much emphasis on civil protection, especially given the devastating natural disasters that hit the country in recent years (deadly flash floods and wildfires in November 2017 and July 2018 respectively). In this regard, a new Civil Protection Law was issued on 4 February 2020, promoting an integrated approach to risk and emergency crisis managements, fire services, and civil protection volunteerism.
Sector(s)
- Services - Public administration and defence; compulsory social security
- Health - Human health and social work activities
Proposed EIB finance (Approximate amount)
EUR 595 million
Total cost (Approximate amount)
EUR 794 million
Environmental aspects
The project comprises a multi-scheme operation classified as a Framework Loan and some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 2014/52/EU. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 2009/147/EC), the Bank would require the Promoter to act according to the provisions of the aforementioned Directives as transposed into the national law. It is a requirement that all schemes must be implemented in compliance with EU environmental legislation.
Procurement
The Bank will require that the Promoter ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/24/EU, as well as 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 - 26/01/2021
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).