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Summary sheet

Release date
24 July 2025
Status
Reference
Under appraisal | 08/02/2024
20240050
Project name
Promoter - financial intermediary
TALLINN SUSTAINABLE INFRASTRUCTURE II
CITY OF TALLINN
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 200 million
Location
Sector(s)
Description
Objectives

The multi-sector Framework Loan (FL) operation will finance Tallin’s multi-year investment programme, in line with the Development Strategy of the City of Tallinn (2035 Tallinn Arengustrateegia) and its sustainable development goals.

This FL includes schemes that will support the implementation of the Promoter's Tallinn Sustainable Energy and Climate Change Adaptation Plan. The FL will focus on rehabilitation and upgrades in public buildings, notably schools and social housing, including Energy Efficiency measures, the rehabilitation of parks and other public spaces, urban streets, new pedestrian and biking pathways. The schemes included in this FL - in line with those addressed in the development and climate strategies of the City of Tallin - show the potential to deliver high environmental and social benefits to residents.

Environmental aspects
Procurement

Compliance with the relevant EU Directives will be verified during appraisal stage: environmental impact assessment (EIA) Directive 2011/92/EU amended by the EIA Directive 2014/52/EU, SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed. It is envisaged that the project will contribute to urban regeneration and sustainable urban development in local neighbourhoods, generating significant positive social and economic benefits, including better health and living conditions for lower income groups, job creation during implementation and the promotion of social mix. All these elements will be evaluated during the appraisal of the project. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and climate adaptation.

The promoter shall ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/23/EU / 2014/24/EU or 2014/25/EU, where applicable, 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.

Milestone
Under appraisal
Link to source

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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