Release date: 14 September 2023
Promoter – Financial Intermediary
STATUTARNI MESTO OSTRAVALocation
Description
The project concerns the construction of a new concert hall and the refurbishment of the existing House of Culture in Ostrava city in the Czech Republic.
Objectives
The project is expected to create an architecturally significant venue, with the capacity to accommodate musical performances at top acoustic quality. The premises will also host many other types of cultural events and serve as an education centre dedicated to musical, theatrical and artistic workshops for schools and the general public. The project aims to contribute to urban development and regeneration, as well as to changing the city´s image and the overall quality of life.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
CZK 2000 million (EUR 82 million)
Total cost (Approximate amount)
CZK 4647 million (EUR 190 million)
Environmental aspects
The Bank will require that the investment complies with EU environmental legislation, as well as with the principles and standards of the Bank's Environmental Policy Statement.
Procurement
The promoter is subject to the public procurement regime. 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 2014/24/EU, Directive 2014/25/EU, as well as Directive 92/13/EEC and 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 (OJEU), as and where required.
Status
Approved - 27/09/2023
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).