MALMOE ENERGY EFFICIENT HOUSING

Promoter – Financial Intermediary

MALMOE STAD

Location

• Sweden

Description

The project will finance the construction of approximately 2,370 new apartments for rent in the City of Malmoe (Southern Sweden).

Objectives

The aim is to support the construction of new housing units for rent, to be built using improved Energy Efficiency standards, performing at least 10% better than the Nearly-Zero Energy Building (NZEB) standard set by the current Swedish regulation.

Sector(s)

• Industry - Construction

Proposed EIB finance (Approximate amount)

SEK 2600 million (EUR 226 million)

Total cost (Approximate amount)

SEK 3893 million (EUR 338 million)

Environmental aspects

The project will generate positive environmental benefits, by reducing energy consumption, greenhouse gas (GHG) emissions, as well as individual energy expenses compared to the baseline scenario. At construction stage, the project implementation may lead to increased noise and vibration level and may affect the air quality. Adequate mitigation measures will be implemented together with the enforcement of best practices. The project impacts at construction stage will be reversible and temporary at a level that are deemed acceptable. The project will be in compliance with the revised Energy Performance of Buildings Directive EU/2024/1275) amending Directives 2018/844/EU and 2010/31/EU, as well as with Directive 2018/2002/EU amending Directive 2012/27/EU on energy efficiency. The project will be in compliance with the EU Directive (2018/844/EU) amending the 2010 Energy Performance of Buildings Directive (Directive 2010/31/EU) and Directive 2018/2002/EU amending Directive 2012/27/EU on energy efficiency. The promoter's environmental management capacity to properly apply the relevant EU Directives will be verified during appraisal, particularly with regard to EU EIA Directive 2011/92/EU amended by 2014/52/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. Some of the projects, namely construction of new buildings, may fall under Annex I or Annex II of the Directive EIA Directive 2011/92/EU amended by 2014/52/EU. The project will induce employment during implementation. The project will be appraised and monitored in line with the Bank's policies.

Procurement

The promoter has to ensure that contracts for implementation of the project have been/will be tendered in accordance with the 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 EU Official Journal, as and where required.

Status

Approved - 17/07/2024