LAUSITZ ECONOMIC TRANSITION FL

Promoter – Financial Intermediary

INVESTITIONSBANK DES LANDES BRANDENBURG

Location

• Germany

Description

The operation consists of a framework loan (FL) financing investments carried out by public promoters that support the economic transition away from coal mining of Lusatia (Lausitz) region.

Objectives

To achieve the region's decarbonisation, investments will be made into various multi-purpose socio-economic, environmental infrastructure and activities. In particular, eligible sectors will be: basic economic infrastructure, innovation research and science, including health services, urban and regional development measures, sustainable transport and mobility, green energy and digitalisation, education and technical training, culture and arts, sports, climate protection, nature and landscape.

Sector(s)

• Composite infrastructure - Construction

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 1300 million

Environmental aspects

The promoter will be required to act according to the provisions of the relevant EU Directives including, but not limited to the following EU Directives: Strategic environmental assessment (SEA-2001/42/EC), Environmental impact assessment (EIA- 2011/92/EU, amended by2014/52/EU), Habitats (92/43/EEC), Birds (2009/147/EC), Water Framework Directive (2000/60/EC), as transposed into national law.

Procurement

The promoter has to ensure that contracts for implementation of the project will be/have been tendered in accordance with the applicable EU procurement legislation (Directive 2014/23/EU, 2014/24/EU, 2014/25/EU, 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 - 15/11/2023