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Signature(s)

Amount
€ 289,960,130.48
Countries
Sector(s)
United Kingdom : € 289,960,130.48
Urban development : € 289,960,130.48
Signature date(s)
21/03/2005 : € 289,960,130.48
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Summary sheet

Release date
22 October 2004
Status
Reference
Signed | 21/03/2005
20040454
Project name
Promoter - financial intermediary
Wakefield Urban Renewal
Wakefield and District Housing Ltd
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 200 million.
In excess of GBP 600 million.
Description
Objectives

Program of renewal and improvement of social housing stock as part of a wider urban regeneration strategy.

The project aims to improve the condition and standard of social housing currently owned by the local authority. It is eligible for EIB financing under Art 267 (a) Regional Development and Art 267 (c) Common Interest – urban renewal/redevelopment. The project is also located within an Objective 2 area.

Environmental aspects
Procurement

The project falls under Annex II of Directive 97/11, where the decision on the applicability of EIA is left to national environmental authorities. However, due to the nature and location of the various sub-projects/schemes forming part of the renewal and rehabilitation programme, formal environmental impact assessment is unlikely to prove necessary. The upgrade programme will therefore be subject to the environmental requirements of prevailing public planning regulations. Meanwhile, the Council has commissioned an environmental survey of the land that is likely to transfer to the Borrower. The project’s impact on the environment should be substantially positive, since it is expected to result in better thermal insulation, asbestos removal, correction of non-traditional construction techniques, and more rationally planned use of inner city areas.

Contracts for the implementation of the project shall be tendered in accordance with the relevant EU procurement legislation (Dir 2004/18 and/or 2004/17/EEC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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